Share Name Share Symbol Market Type
Alstom EU:ALO Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.35 1.14% 31.14 31.00 31.35 31.67 30.96 31.00 1,814,591 16:40:00

Port Authority Pauses LaGuardia AirTrain Work as It Reviews Potential Alternatives

12/10/2021 11:12pm

Dow Jones News

Alstom (EU:ALO)
Historical Stock Chart

From Jul 2021 to Jan 2022

Click Here for more Alstom Charts.
   By Josh Beckerman 

The Port Authority of New York and New Jersey will "pause further action" on the LaGuardia AirTrain project as it reviews potential alternative projects.

In a setback for the project last week, New York Gov. Kathy Hochul asked the Port Authority to "thoroughly examine alternative mass transit solutions for reducing car traffic and increasing connectivity to LaGuardia Airport."

In July, a Federal Aviation Administration issued a decision allowing the Port Authority to proceed with its proposal. The next month, the Port Authority announced a short list of four teams for AirTrain procurement. One included Skanska USA and Alstom Transportation Inc., while participants in the others included Tutor Perini Corp.

The FAA's Record of Decision discussed the lack of a train to LaGuardia and traffic congestion levels, noting that "over the past 30 years, various agencies have conducted multiple studies to improve transit access to LGA," and said other options--including subway extensions--faced issues such as financial constraints. Critics of the AirTrain project and the review process have included Riverkeeper and U.S. Rep. Alexandria Ocasio-Cortez.


Write to Josh Beckerman at josh.beckerman@wsj.com


(END) Dow Jones Newswires

October 12, 2021 17:57 ET (21:57 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Alstom Chart

1 Year Alstom Chart

1 Month Alstom Chart

1 Month Alstom Chart
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220125 17:02:11