Port of NY/NJ Looking Into ‘Next Steps’ For Dredging Study
In Mid-December, the Port Authority of New York and New Jersey approved $19.2 million to go towards studying the next steps that are needed for deepening New York Harbor’s ship channels, which the current depth is 50 feet.
The project and the design study will take another four years and provide the cost estimate needed to get the dredging funds available under the Water Resources Development Act, the JOC reports. Additionally, the PANYNJ is hopeful that they will receive (eventually) the federal funds to help share the cost it would take for the dredging.
If the proposed project does occur, it’ll allow the Port to handle some ultra-large vessels. “We’ll easily be able to handle 18,000 TEU ships, and some of the 24,000 TEU ships,” Port Director Beth Rooney told the JOC.
Port of New Orleans Secures Funding For Mega Terminal
With plans to build a mega terminal to fit ultra-large vessels, the Port of New Orleans secures federal funding to kickstart construction of the whooping $1.8 billion dollar project.
Back in December, the Port announced they would be receiving $73.77 million from the DOT’s National Infrastructure Project Assistance program, for their first phase of construction of the Louisiana International Terminal, per the JOC.
In addition to the federal funds, the state of Louisiana is providing $30 million for the initial development costs, plus another $50 million for the St. Bernard Transportation Corridor, which connects the terminal to the interstate highway system.
The opening for this new terminal is slated for 2027.