07/09/2019 | Press release | Distributed by Public on 07/09/2019 10:36
PORT AUTHORITY UNVEILS COMPREHENSIVE 30-YEAR PLAN TO ACCOMMODATE FUTURE GROWTH AND DEVELOPMENT OF PORT OF NEW YORK AND NEW JERSEY
Date: Jul 09, 2019
Press Release Number: 115-2019
New framework will build on previous plan, which saw the Bayonne Bridge raised, port channels deepened to 50 feet, container terminals expanded, roadway capacity increased and the ship-to-rail network completed;
Master plan released as port is experiencing record growth in cargo volume, pushing it into the position of No. 2 in the nation for the first time in two decades, surpassing the Port of Long Beach
The Port Authority today unveiled its 'Port Master Plan 2050,' a comprehensive document that lays out a flexible roadmap for the next generation of land-use and infrastructure development projects at the Port of New York and New Jersey, allowing it to remain among the nation's leading maritime gateways, while continuing to generate hundreds of thousands of jobs and billions in economic activity.
The new 30-year plan follows an extensive 2½ year review of more than 3,000 acres of port property and included more than 45 presentations to regional stakeholders and community groups, including more than 50 planning workshops, and interaction with nearly 500 stakeholders. The document takes a holistic look at the port, including cargo container facilities, automobile terminals, dry and liquid bulk cargo operations, cruise terminals and ferry landings. It will build on earlier planning work in the 1990s that ultimately led to the deepening of port channels to 50 feet, the raising of the Bayonne Bridge, container terminal expansions, realignment of and capacity enhancements to port roadways and the completion of the port's $600 million ExpressRail network.
Release of the master plan comes at a time when the Port of New York and New Jersey is experiencing record cargo growth, which has pushed it into the position of No. 2 in the nation for the first time in two decades, surpassing the Port of Long Beach. During the first five months of 2019, the port set a new all-time record for cargo during that period, handling 3,041,814 TEUs (20-foot equivalent units).
'Our predecessors had the foresight to clearly understand the value of the port to regional jobs and economic activity and made substantial investments that today are paying huge dividends,' said Port Authority Chairman Kevin O'Toole. 'This plan will continue the momentum we have built and drive this port to new heights that two decades ago would have seemed impossible to achieve.'
'This port is committed to maintaining its leadership position among the nation's ports. This plan lays out a clearly defined roadmap for the future, one that integrates new technology into port operations, provides for more efficient movement of cargo and makes strategic decisions about the future composition of port property,' said Port Authority Executive Director Rick Cotton. 'This new master plan provides a vision that we believe will drive future cargo growth and the jobs and economic benefits it provides for the region. It also ensures sustainability and resiliency as key goals and commits the Port to enduring partnerships with our host communities.'
The primary objectives of the master plan are to provide opportunities for growth through stakeholder engagement; improve the port's commercial value by investigating opportunities to maximize lease revenue; to continue to serve as an economic engine for the region; and to promote safe, resilient and environmentally sustainable operations in partnership with its tenants.
The port master plan focuses on five guiding principles:
The Port Authority will continue to be sustainable and resilient, driving down diesel emissions, and minimizing noise, congestion and environmental impacts at its facilities throughout the Port of New York and New Jersey. Among other strategies, this will be achieved through the latest technologies to reduce or eliminate emissions (adopting electric and low-energy operations at facilities) and by enhancing collaboration with tenants and operators to incorporate performance goals and incentives into lease agreements.
With the completion of the plan, the Port Authority will now begin implementing the key findings and recommendations including a series of further studies, analysis and design work. Specific short- and long-term actions proposed for each of the port's five facilities - Port Newark, Elizabeth Port Authority Marine Terminal, Port Jersey Port Authority Marine Terminal, Howland Hook Marine Terminal and Brooklyn Port Authority Marine Terminal - can be found in the plan by clicking here.
The Port Authority of New York and New Jersey
Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.