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PANYNJ approves USD255m project to modernise New York LaGuardia Airport’s infrastructure

25-Jul-2013 11:50 AM

US' Port Authority of New York and New Jersey (PANYNJ) approved (24-Jul-2013) a USD255 million infrastructure modernisation project at New York LaGuardia Airport. The authorisation for LaGuardia infrastructure improvements is expected to generate 1500 jobs, USD112 million in wages and USD364 million in economic activity for the region, with more than 95% of the Port Authority’s expenditures reimbursable in federal passenger facility charges. Port Authority chairman David Samson said: "Modernising the infrastructure of the Port Authority’s major airports is a top priority for the agency and vital to the region’s economic success. With our airports expected to set a new combined record for passengers in 2013, and robust growth projected in the coming decades, it is critical that we advance projects like this today to meet the travel demands of tomorrow.” [more - original PR]