Record results for Port Authority
Article Abstract:
Port Authority of New York and New Jersey Exec Dir Robert E Boyle announced that the port registered its highest-ever annual income of $191 million for FY 1999. The results, which were presented in Apr 2000, also included the highest annual capital spending of $992 million, all-time high reserves of $1.621 billion, gross operating reserves of $2,548 million and net revenues available for debt servicing and reserves of $938.9 million. The record results were attributed to the strong regional economy and new efficiencies.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 2000
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Change at New York
Article Abstract:
The John F Kennedy International Airport will open its new privately financed and developed terminal 4, the JFK International Air Terminal, which is part of a larger US$10 billion JFK expansion program. The Port Authority is in the middle of a system-wide aviation renovation program that involves the rebuilding of the JFK, Newark, LaGuardia airports, from top to bottom. In addition to major terminal expansion, new roads and light rail, from JFK's AirTrain to Newark's light monorail system, are all underway.
Publication Name: Jane's Airport Review
Subject: Business, international
ISSN: 0954-7649
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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