Port authority plea for Coronavirus support
Port Authority Plea for Coronavirus Support
March 23,2020– PortStrategy.com
A US port is seeking federal support of US$1.9bn to cover revenue losses and expenses resulting from the “extraordinary challenge” presented by the coronavirus pandemic. The Port Authority of New York and New Jersey (PANYNJ) has written to the congressional delegation of both states to stress that reductions inactivity have significantly reduced the port authority’s revenues and it will require federal assistance so it can continue to operate.