Metro NY/NJ Port Authority Sees The Logic in PPPs

The 2013 capital budget for the Port Authority of New York and New Jersey, originally due in December, is being held back until the amount and timing of hurricane Sandy cost recovery is firmed up from insurers and the federal government, including the Federal Transit Administration.

High-level sources in the agency say the $2-billion-plus cost of emergency repairs and toll revenue worries won’t slow the procurement of major public-private partnership (PPP) projects in the region, including the Goethals Bridge, LaGuardia airport’s main terminal, and Terminal A at Newark Liberty Airport.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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