NY/NJ Port Authority To Vote On $3.9B Budget

Thursday, April 27, 2000
Board members of the Port Authority of New York and New Jersey are reportedly scheduled to vote on a $3.9 billion budget. The agenda includes reelection of top officers and discussion of a lucrative port deal, signaling that a dispute between the governors of New York and New Jersey is moving toward a resolution. The budget reportedly calls for no hikes in PATH fares and tolls at Port Authority bridges and tunnels for a ninth year. The commissioners also are expected to discuss a possible lease for the Port Newark terminal that Maersk Line vacated after it acquired Sea-Land Service and moved into its 350-acre terminal in Port Elizabeth. A top contender for taking over the 154-acre property are subsidiaries of London-based Peninsular & Oriental Navigation Co. P&O would pay three times more rent an acre than Maersk Sealand. Absent from the agenda, however, are important issues that are unlikely to be dealt with until a dispute between New Jersey Gov. Christie Whitman and New York Gov. George Pataki is resolved. Those items include a new lease for Maersk Sealand and expansion of the Howland Hook Marine Terminal on Staten Island.
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Marseille Fos Unveils Multimillion Growth Strategy

The Marseille Fos port authority has set out a vision for growth over the four years to 2018 in a strategic plan that puts developments costing $560 million at

Last Saltie Departs Duluth; Lakers Make Final Push

Duluth-Superior’s international shipping season winds to a close as last saltie departs; Great Lakes freighters make final push to mid-January   This weekend

Fighting for Ports Escalates in Libya

Military planes loyal to Libya's recognised government attacked on Sunday an opposing force that is seeking to seize the country's two biggest oil ports, officials said.

Environmental

NZ Report: Human Error to Blame for Rena Grounding

New Zealand's Transport Accident Investigation Commission (TAIC) published its final report into the grounding of containership Rena in October 2011. The TAIC’s

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

NOAA: US to See More Floods from Sea Level Rise

Most of U.S. coast may see 30 or more days a year of floods up to 2 feet above high tides. By 2050, a majority of U.S. coastal areas are likely to be threatened

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Sonar
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: 0.1129 sec (9 req/sec)