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Home Ports and Shipping

Port Authority may block $10M Newark-Uber deal

byCT Report
23/04/2016
in Ports and Shipping
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WASHINGTON: A tentative deal between Newark and ride-hailing company Uber has hit a roadblock. The Port Authority of New York and New Jersey, which operates Newark Liberty International Airport, raised concerns this week about the city’s proposal to receive $1 million per year over the next 10 years from Uber in exchange for the right to operate at the airport.

Most of the airport is within the Newark city limits in New Jersey, and the Port Authority leases the land from the city. State laws in New Jersey and New York give the Port Authority sole discretion in “all details of financing, construction, leasing, charges, rates, tolls, contracts and the operation of air terminals,” according to language in the New Jersey statute. The Port Authority operates JFK and LaGuardia airports in New York in addition to Newark Liberty.

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