THE PORT AUTHORITY OF NY & NJ

Press Release Article


NEW FEDERAL GRANT TO PORT AUTHORITY WILL IMPROVE EFFICENCY OF BARGE OPERATIONS

Date: Nov 01, 2016
Press Release Number: 211-2016

Grant of $1.6 million from Marine Highway Program expected to increase cost-effectiveness and the reliance of shippers on the Port’s barge system

The Port Authority will make investments to improve the barge program that transports containers between Red Hook in Brooklyn and Port Newark, under a $1.6 million grant from the U.S. Department of Transportation Maritime Administration (MARAD).

The grant, obtained with the assistance of the New York and New Jersey’s Congressional delegation, will help the Port Authority build on its existing barge program that last year moved 35,000 containers – resulting in 60,000 fewer trucks on the region’s roadways. Last year, the agency eliminated 1,600 tons of CO2 related to the barge service.

“The work of our New Jersey-New York Port Congressional delegation and the U.S. DOT to secure this grant will help the Port Authority’s ongoing efforts to enhance barge operations, with the potential to reduce truck traffic and resulting diesel pollutants in New York and New Jersey,’’ said Port Authority Executive Director Pat Foye. “Additionally, it represents another important investment in the ongoing modernization, safety and efficiency of our port operations, which means job growth and continued global competitiveness.”

Overall, MARAD’s grant of $1,632,296 to the Port Authority will support improved barge operations, efficiency and safety in New York Harbor, and represents the full amount of funds requested by the bi-state agency for three critical projects. The federal grant will be supplemented with matching funds from the Port Authority and other sources.

The grant will support the following port commerce initiatives:

Contact:
The 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 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.