On May 22nd, Global Marine Terminals accepted an $11.4 million TIGER grant from the U.S. Department of Transportation. The grant will assist Global Terminals as it completes its ongoing $350 million renovation. Part of that renovation involves expanding the current 100-acre Global campus onto 70 additional acres in what once were the Greenville rail yards, now a Port Authority-owned property.
Global will use TIGER funds to purchase two double-cantilever rail-mounted gantry cranes capable of loading and unloading double-stack rail cars. This technology simplifies the process and pace of moving cargo inland while doing so in a more environmentally sustainable fashion.
TIGER stands for Transportation Investment Generating Economic Recovery. For 2013, the U.S. DOT will award $473.847 million in TIGER grants "to invest in road, rail, transit and port projects that promise to achieve critical national objectives."
Since the program's inception, Congress has authorized approximately $3.5 billion in TIGER grants.
The Port Authority of New York and New Jersey has awarded awarded a 40-year design-build-finance-maintain contract to NYNJ Link Partnership as part of a $1.5 billion public-private partnership (PPP) to replace the current Goethals Bridge with a new state-of-the-art cable-stayed span. This will be the first bridge the Port Authority's built since 1931 when the George Washington Bridge opened to vehicular traffic. The project also marks the first true surface transportation public-private partnership in the Northeast.
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