WTC Towers Approved in Deal for New Bayonne Bridge

Friday, August 27, 2010

According to an August 26 report from www.NorthJersey.com, the Port Authority agreed to allow developer Larry Silverstein to build office towers at the World Trade Center site, with the help of more than $1b in public financing and subsidies. At the same time, state and local officials have called on the Port Authority to begin work to raise the Bayonne Bridge, noting that container ships have grown in size and need more room to pass under the span. The Port Authority has been studying ways to accommodate the larger ships once a widening of the Panama Canal is finished this decade. Last year, the U.S. Army Corps of Engineers said raising the bridge to 215 ft, or 60 ft higher, would be the best solution.

(Source: www.NorthJersey.com)

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Tanzania's Energy Minister Resigns

Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1267 sec (8 req/sec)