Port of Albany to Get $3.3M for Container Barge Service

Friday, December 13, 2002
Port of Albany officials said the $3.3 million in new funds Governor George Pataki has given to the Port to help underwrite the start-up costs of its new barge container service will take the transportation facility to “heights never before imagined.” NYS Department of Transportation Commissioner John Boardman, Port Authority of New York/New Jersey Executive Director Joe Seymour and Albany Mayor Gerald D. Jennings joined the Governor at the Port today. The funding enables the Port of Albany to be a full partner in the Inland Distribution Network, a system of satellite facilities for the Port Authority of New York and New Jersey. Albany Mayor Gerald D. Jennings gave great praise to the governor for his help on this project, and also highlighted the dedication of local people involved with the Port that helped Albany become a key inland site for the distribution network. “Consistent with Governor Pataki’s commitment to strengthening the upstate economy, we are about to witness the transformation of our Port into a bustling first-class container facility, which is very good news for the Port and its hardworking and talented labor force.”

“Thanks to the Governor’s recognition of the great potential which lies within the wharves and warehouses of the Port, the future of the Port of Albany is brighter than ever, with new jobs and millions of dollars in new economic activity on the horizon,” he said. Robert F. Cross, Chairman of the Albany Port District Commission, was also upbeat about the impact the subsidy funding will have on the Port. He said, “Because of Governor Pataki’s steadfast commitment, and the vision and determination of Mayor Jennings, a new and exciting day has dawned for the Port of Albany. We now are on the verge of taking our Port to heights never before imagined, dramatically expanding business, and creating new jobs for residents in the Capital District and beyond. In addition, this new service will result in reduced highway congestion and improved air quality in our state.” Under the program that will be launched by the new funding, containers from the terminals in the Port Authority of New York and New Jersey will be shipped to inland locations like Albany directly by barge or rail. This will alleviate congestion at downstate container terminals and on regional downstate roadways. The Port of Albany has been working on its infrastructure in the past several years that will allow those barges from New York and New Jersey to load and unload their containers. Frank W. Keane, General Manager of the Port, said the $3.3 million arranged by the Governor will help subsidize the barge service operation for two years. The service is expected to generate approximately $1.3 million for the same two-year period. In anticipation of this partnership, the Port of Albany invested federal, state and its own funds to purchase a new $2.4 million state-of-the-art crane that can expedite the handling of container barges. Twice weekly service is scheduled to commence during the first quarter of 2003. At the end of the two-year period, some 17,400 containers are expected to be handled.


Ports

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

New Crane Orders for Huisman

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.0789 sec (13 req/sec)