NY/NJ OKs $4.6B Budget

Friday, February 23, 2001
The Port Authority of New York and New Jersey approved a $4.6 billion 2001 budget, which includes more than $2 billion in capital spending, a record amount for the bi-state agency. The $2 billion represents the first installment of an ambitious five-year $9.5 billion program for bridges, tunnels, airports and other mass transit projects. The Port Authority plans to fund its 2001 capital projects with a mix of $1 billion in bonds and notes and $550 million from reserve funds. Airport passenger facility charges and federal funds will make up the rest, said Charles McClafferty, chief financial officer of the Port Authority. Aviation projects accounts for nearly half of the capital spending at about $1 billion. Among the projects planned are rail access to JFK and Newark airports and improvements at airport roadway approaches. - (Reuters)
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Yara Reports Strong 3Q Results

Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price. "Yara

Bright Outlook for BWM Convention

The Danish Maritime Authority informed that the Ballast Water Management Convention is now one step closer to ratification following last week’s meeting of United

Court Dismisses Boating Industry’s Challenge to EPA Misfueling Rule

The National Marine Manufacturers Association (NMMA) said it is disappointed with the U.S. Court of Appeals decision released on Tuesday, October 21, 2014 for the D.

Ports

Lerwick Port Awards £16.5 mi Expansion Contract

Lerwick Port Authority has awarded a construction contract for the latest expansion of the harbour’s facilities in a project costing a total of £16.5 million

Colombian Professionals to be Trained in Antwerp

APEC, the training centre for the port of Antwerp, is to provide training for shipping professionals from the port of Santa Marta (Colombia) for the next four years.

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0809 sec (12 req/sec)