Date:  May 28, 2009

Press Release Number:  64


PORT AUTHORITY BOARD TAKES ACTION ON SEVERAL ITEMS

At its monthly meeting this afternoon, the Port Authority Board of Commissioners authorized:
  • The World Trade Center Transportation Hub as a $3.26 billion project.

  • A $26.7 million project for safety improvements, pavement rehabilitation and lighting system and navigational aid improvements to Runway 6-24 at Teterboro Airport to maintain the runway in a state of good repair and comply with Federal Aviation Administration requirements. Also authorized the award of a contract to Tilcon New York, Inc., to undertake the runway repair work.

  • $3.3 million in planning for the structural rehabilitation of ramps that connect to the main span of the George Washington Bridge, including the upper-level spans over the New Jersey anchorage and Hudson Terrace in New Jersey, and the 178th and 179th Street ramps, bus ramps and bus turnaround in New York. Also authorized the retention of URS Corporation to provide professional services associated with this planning effort.

  • A supplemental agreement and extension of the operation and maintenance contract with Bombardier to perform the contractually required mid-life rehabilitation of the control and communications equipment, power distribution and power and signal rail for AirTrain Newark.

  • Supplemental agreements with select airlines and other tenants at Newark Liberty International Airport for the deferment of payment of 2008 year-end reconciliation amounts in excess of $500,000. Payments will be deferred over a three-year term with interest estimated at 8.5 percent.

  • An amendment to the Memorandum of Understanding with the Brooklyn Bridge Park Development Company to provide for the Port Authority to modify the payment schedule for its $85 million commitment for the development of a Brooklyn Bridge Park to accelerate the opening of the park.

  • Additional planning for the design of the World Trade Center Vehicle Security Center.

  • An increase to the total compensation under the existing agreement with Liberty Security Partners for additional expert professional architectural and engineering services to support the final design of the World Trade Center East Side Tour Bus Parking Facility.

  • The reimbursement of design fees to the National September 11 Memorial & Museum at the World Trade Center Foundation for services retained on the Port Authority’s behalf related to the design of World Trade Center infrastructure projects.

  • $55 million for early action construction work packages to support the World Trade Center Transportation Hub project.

  • An amended and restated agreement with Bovis Lend Lease LMB, Inc. for construction management services associated with the World Trade Center Memorial, Memorial Museum and World Trade Center Infrastructure projects.

  • Through its Committee on Finance, the purchase of property damage and loss of revenue insurance with appropriate available limits for a one-year period.

  • Through its Audit Committee, the continued retention of Deloitte & Touche as independent auditors for the year ending December 31, 2009.

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; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Port Authority Auto Marine Terminal; the Brooklyn Piers/Red Hook Container Terminal; the Greenville Yard-Port Authority Marine Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan and is a partner in the Access to the Region’s Core tunnel project.