Breaking New Ground 2017 Annual Report
BREAKING NEW GROUND 2017 Annual Report Comprehensive Annual Financial Report for the Year Ended December 31, 2017. Our Mission Meet the critical transportation infrastructure needs of the bi-state region’s people, businesses, and visitors by providing the highest-quality and most efficient transportation and port commerce facilities and services to move people and goods within the region, provide access to the nation and the world, and promote the region’s economic development. Our mission is simple: to keep the region moving. 2 THE PORT AUTHORITY OF NY & NJ TABLE OF CONTENTS I ntroductory Section 2 Origins of The Port Authority of New York and New Jersey 3 Letter of Transmittal to the Governors 4 Board of Commissioners 5 Leadership of the Port Authority Our Core Business Imperatives 9 Investment 10 Safety and Security 11 Integrity 12 Diversity and Inclusion 13 Sustainability and Resiliency Major Milestones By Business Line 15 2017 at a Glance 16 Aviation 20 Tunnels, Bridges & Terminals 24 Port of New York and New Jersey 28 Port Authority Trans-Hudson Corporation (PATH) 30 World Trade Center Financial Section 32 Chief Financial Officer’s Letter of Transmittal to the Board of Commissioners 35 Index to Financial Section Corporate Information Section 126 Selected Statistical, Demographic, and Economic Data 127 Top 20 Salaried Staff as of December 31, 2017 The Port Authority of New York and New Jersey Comprehensive Annual Financial Report for the Year Ended December 31, 2017 Prepared by the Marketing and Comptroller’s departments of The Port Authority of New York and New Jersey 4 World Trade Center, 150 Greenwich Street, 23rd Floor, New York, NY 10007 www.panynj.gov BREAKING NEW GrounD 1 The Port District includes the cities of New York and Yonkers in New York State; the cities of Newark, Jersey City, Bayonne, Hoboken, and Elizabeth in the State of New Jersey; and more than 200 other municipalities, including all or part of 17 counties, in the two states.
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