Steven Plate – December 14, 2015 – (RealEstateRama) — a 30-year agency veteran who for the past decade has overseen the rebuilding of the World Trade Center site – has been promoted to a newly created position of Chief of Major Capital Projects, where he will oversee projects including the Port Authority Bus Terminal replacement, the PATH-to-Newark Liberty International Airport extension, the Bayonne Bridge “Raise the Roadway” navigational clearance project, and the emerging Gateway Tunnel project on behalf of the agency.

In the new role, Mr. Plate will focus on ensuring on-time, on-budget project delivery, while working closely with various stakeholders, for these challenging, complex transportation mega-projects, the agency announced. He will continue to oversee and be responsible for World Trade Center Construction as that effort continues to completion and report to the agency’s Executive Director.

“Steve epitomizes what it means to be a ‘master builder’,” said Port Authority Executive Director Pat Foye. “During his distinguished career, he has tackled two of the agency’s most challenging, high-profile construction projects – JFK AirTrain and the World Trade Center rebuilding – and through his perseverance and determination has gotten these projects to where they are today. As we return the Port Authority to its core mission of transportation, we are allocating our most valuable resource – our talented people – to those efforts.”

Mr. Plate, a resident of Glen Ridge, N.J., began his Port Authority career in 1985. Prior to his service at the World Trade Center site, he oversaw the management and delivery of the Port Authority’s $2 billion JFK AirTrain system and delivered the megaproject on time and under budget.

Prior to today’s promotion, Mr. Plate was Deputy Chief of Capital Planning/Director of World Trade Center Construction, and has overseen the rebuilding efforts since 2006.

Port Authority of New York and New Jersey

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.

Previous articleABA Renews Endorsement of Freddie Mac Secondary Mortgage Market Solutions
Next articleMortgage Performance Continues to Improve Through Third Quarter of 2015, OCC Reports