THE PORT AUTHORITY OF NY & NJ

Press Release Article


PORT AUTHORITY BOARD AUTHORIZES EXPANSION OF BAYONNE CRUISE FACILITY TO HANDLE GROWING MARKET IN NEW JERSEY

Date: Jul 24, 2013
Press Release Number: 74-2013

Royal Caribbean also plans to base the region’s largest cruise vessel at the new Bayonne facility beginning in 2014.

The Port Authority Board of Commissioners today approved plans by Royal Caribbean Cruise Lines to build a new cruise terminal building at the Port Authority-owned marine terminal facility in Bayonne – a major public investment that will spur continued growth in the New Jersey cruise business.

As part of its expansion plans, Royal Caribbean also agreed to base its new Quantum of the Seas vessel – the largest cruise ship serving the New York-New Jersey region – at Bayonne beginning in 2014. The new vessel, which can accommodate up to 4,180 passengers, will sail to the Caribbean, Bahamas, Florida and Bermuda.

The Port Authority acquired the Cape Liberty Cruise Terminal in June 2010 as part of its purchase of the 131-acre portion of the former Military Ocean Terminal at Bayonne.

As part of the agreement allowing construction of the cruise terminal building, the Port Authority agreed to extend Royal Caribbean’s operating agreement for the terminal for an additional five years through 2043.

“The cruise industry is one of this region’s most rapidly growing markets, and this private sector investment will enhance our ability to generate significant revenues from the waterfront property we own,” said Port Authority Chairman David Samson. “With the region’s largest vessel scheduled to dock at this port facility, we will be able to grow the jobs and economic activity that the cruise business has generated for this region for many decades.”

“The new Royal Caribbean Cruise Terminal will provide the people of New Jersey and New York with the world class travel experience they deserve,” said Port Authority Deputy Executive Director Bill Baroni. “We welcome the significant investment Royal Caribbean is making in our region and look forward to welcoming the Quantum of the Seas to her new home in our port.”

The new $70 million cruise terminal building – which will be paid for by Royal Caribbean – includes a 36,000-square-foot check-in terminal, a 60,000-square-foot luggage area, a parking deck, additional parking and berth improvements. Construction is scheduled to begin this summer and be completed by October 2014.

Passenger volumes at the Cape Liberty Cruise Terminal have grown steadily in the past three years – from 393,000 passengers in 2010 to 476,000 in 2012. Passenger volumes at the facility are expected to increase to approximately 600,000 after the new terminal building opens.

CONTACT: Port Authority of New York and New Jersey 212-435-7777

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 construction crews are building the iconic One World Trade Center, which 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.