Date:  Nov 06, 2008

Press Release Number:  128


PORT AUTHORITY BOARD TAKES ACTION ON WTC ITEMS

At its World Trade Center monthly meeting today, the Port Authority Board of Commissioners authorized:

  • $6 million in planning for the design of the World Trade Center Vehicle Security Center, including an increase to Liberty Security Partners of $4 million for additional work on this project;


  • $2 million in planning for final design of the World Trade Center Eastside Tour Bus Parking Facility, including an increase to Liberty Security Partners of $1 million for additional work on this project;


  • An agreement with Silverstein Properties Inc. for reimbursement to SPI in an amount not to exceed $6.7 million for mechanical, electrical, plumbing and fire protection work for tenant parking spaces under Towers 3 and 4 at the World Trade Center site;


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  • The retention of Jones Lang LaSalle to provide professional real estate advisory services in connection with the redevelopment of the World Trade Center site, and the continued retention of Cushman & Wakefield to provide financial advisory services in connection with the World Trade Center redevelopment;


  • A $2 million increase in planning related to final design of the World Trade Center Transportation Hub track level foundations for the West Bathtub Vehicular Access and Performing Arts Center. The increase includes an additional $1.3 million for an existing agreement with Liberty Security Partners for architectural and engineering services; and


  • The Executive Director to enter into an agreement with the New York State Department of Transportation that will allow the Port Authority to pay up to $35.5 million for the design and construction of the Port Authority's Fulton Street sewer along West Street and a blast slab adjacent to PATH's South Projection at the World Trade Center site.


CONTACT: Port Authority of New York and New Jersey
Steve Coleman, 212 435-7777

The Port Authority of New York and New Jersey operates many of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia, Stewart International and Teterboro airports; AirTrain JFK and AirTrain Newark; the George Washington Bridge and Bus Station; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH (Port Authority Trans-Hudson) rapid-transit system; the Port Authority-Downtown Manhattan Heliport; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan.

The Port Authority is financially self-supporting and receives no tax revenue from either state.