Friday, November 20, 2009

NY-NJ Port Authority "prioritizes" capital programs

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The Port Authority of New York & New Jersey announced that PATH ridership declined 4% during the first nine months of 2009. Ridership went from 56.4 million in January-September 2008 to 54.1 million during the same period in 2009.

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At the Port Authority’s six vehicular bistate crossings, traffic dropped 2.1%. Truck traffic declined by 10.45%, costing the Port Authority about $20 million in tolls.

At the Port Authority's major airports, traffic is down 6.4%.

Cost-cutting measures taken by the agency include a zero-growth operating budget, no staff increases, and "prioritization of long-term capital programs in the context of the new economic and fiscal realities."