NY/NJ Close To Resolving Port Budget

Thursday, June 01, 2000
New York and New Jersey are close to reaching an agreement that would break a 17-month deadlock over a port lease that has paralyzed the Port Authority of New York and New Jersey, according to press reports. Neither New York Gov. George Pataki nor New Jersey Gov. Christie Whitman had signed off on the deal as of early Wednesday evening, but both sides expressed hope that the feud might be near an end. According to those with knowledge of the discussions, some of the major terms of the tentative agreement include: Pataki's signing of a 30-year lease for Maersk Sealand's cargo hub at Port Newark-Elizabeth in New Jersey; Whitman's agreement to let the Port Authority spend $250 million on New York transportation projects.; and conducting a study aimed at increasing the $1 PATH New York-New Jersey commuter train fare and the fees that bus lines pay to use the Port Authority bus terminal. If the deal was finalized, Port Authority commissioners would be able to follow up on a number of major projects that had been stalled during the standoff, which began in January 1999.
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Unicom Selects the Ecochlor BWTS for 10 Tankers

Ecochlor, Inc. announced that Unicom Management Services (Cyprus) Ltd. (Unicom), acting for SCF Group, signed a 10-vessel agreement for the Ecochlor Ballast Water Treatment System (BWTS) in Limassol,

Kongsberg Contracted to Support FLNG Conversion

Kongsberg Maritime secures position in the LNG market with electrical and automation contract for Golar Hilli FLNG   Keppel Shipyard in Singapore and Black & Veatch in the U.

Statoil Awarded Licenses Offshore Nicaragua

Statoil informs it was today awarded four licenses offshore the Nicaraguan Pacific, covering an area of about 16,000 km2 in the largely unexplored Sandino Basin.

Ports

Wage Row Between Argentine Crushers, Companies Reaches Crunch Point

Pressure grew on Friday for a resolution to wage talks between exporters and striking crushers in Argentina's Rosario grains hub, with another powerful union threatening

Matson Completes Horizon Lines Acquisition

Matson, Inc. has completed the acquisition of Horizon Lines, Inc. which includes Horizon's Alaska operations and the assumption of all non-Hawaii business liabilities.

Chile Customs Strike Ends After 8 Days

A customs strike in Chile that had held up exports and imports for over a week has ended after the union said on Friday it had come to an agreement with the government.

 
 
Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | 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: 0.2939 sec (3 req/sec)