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

Contracts

Carnival to Add Nine Ships to Cruise Fleet

Carnival Corporation enters into strategic partnerships to add nine cruise ships to its fleet over a four-year period starting in 2019; shipbuilders Fincantieri

'Run to Remember' by USCG Foundation

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced this year’s

IMTRA Announces Exclusive Sola-Cure Distributor Partnership

IMTRA announced today through its exclusive North American distributorship of Sola-Cure shades — its line of customizable, high-quality and comprehensive solutions

Ports

Panama Canal Sets Sight on Another Expansion

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion

Long Beach, LA Collaborate to Improve Cargo Flow

Executives from the ports of Long Beach and Los Angeles held a kickoff meeting earlier this week to begin working together to focus on cargo conveyance strategies

Australian Reef Pilots Under New Ownership

Australian marine pilotage company Australian Reef Pilots (ARP) has been bought by a consortium of its employees.   ARP, which services shipping through the Great Barrier Reef,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair 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: 0.1123 sec (9 req/sec)