Port Authority is “dysfunctional,” needs overhaul according to audit

February 08, 2012 03:00PM

An interim report released by the board of the Port Authority of New York and New Jersey says the entire agency needs an “overhaul,” Bloomberg News and the New York Post reported.

The auditors called the agency “a challenged and dysfunctional organization suffering from a lack of consistent leadership, a siloed underlying bureaucracy, poorly coordinated capital planning process, insufficient cost controls and a lack of transparent and effective oversight,” according to their report, which was released yesterday. The Port Authority was not able to produce any documents showing reasons for the cost overruns of approximately $4 billion, the Post said.

Governors Andrew Cuomo of New York and Chris Christie of New Jersey called for more steps to be taken to reverse what they called a “record of historic failure,” in a joint statement released yesterday. [Bloomberg] and [Post]