Infra
New PLAs Cover More Than $1B of NYC Infrastructure Projects – Connect CRE
New York City Mayor Eric Adams on Thursday announced two Project Labor Agreements (PLAs) with the Building & Construction Trades Council of Greater New York (BCTC) covering more than $1 billion in construction projects, including generational infrastructure improvements in Willets Point. Covered construction projects will include green infrastructure improvements and repairing the city’s sewers, roads and bridges.
Additionally, the New York City Economic Development Corporation signed a letter of intent with BCTC to negotiate additional PLAs for the Hunts Point Produce Market, the Kingsbridge Armory redevelopment and the Science Park and Research Campus Kips Bay projects. The PLAs announced Thursday also establish the framework for future negotiations with the BCTC.
“These agreements, covering more than a billion dollars in work, are a win-win-win,” said Adams. “But we’re not stopping with these projects – and we’re not stopping at just $1 billion. These agreements give us a framework for future agreements covering another $50 billion in projects.”