The port authority will contribute nearly $1 billion to the overall program, with the federal government paying for the rest.
As planned, the project won’t be completed until 2014, although the Corps and the port authority said they could accelerate that timetable.
“The material we are removing as part of this project,” more than 42 million cubic yards of sediment, “will be used to recap landfill sites, to remediate brownfield sites, and to create artificial reefs,” said Richard M. Larrabee, the port authority’s port commerce director.
At the same time, the port will invest “in projects to build ship-to-rail facilities at our marine terminals, to strengthen wharfs and berths, and to create more terminal space,” said Joseph J. Seymour, executive director of the port authority.
The agreement reached by the port authority and the Corps opens a period when the Corps can start awarding contracts to deepen six channels that now have depths of 30 to 45 feet. The project will ultimately include the Ambrose, Anchorage, Kill Van Kull, Newark Bay, Bay Ridge and Port Jersey shipping channels.
Gov. James E. McGreevey of New Jersey said the new pact was “an exercise in common sense” to keep the port of New York and New Jersey competitive with the ports of Halifax, Nova Scotia; and Norfolk, Va.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now