The Port Authority of New York and New Jersey approved spending $39 million on one of the main roadways serving the New Jersey container terminals and a culvert at Berth 3 in the Port Newark Container Terminal.
The work is part of the restructured lease agreement the agency signed with PNCT in June that provides $500 million in private capital investment to upgrade the existing facility. The restructured lease will guarantee an annual increase in cargo container volumes from Mediterranean Shipping Co.
The project is part of the agency’s $361 million budget for maritime capital spending approved by the port authority’s board last week.
The board approval will allow for the reconstruction of Corbin Street, which handles an average of 35,000 vehicles a day. It is supported by Berth 3, which was built in the 1920s and is one of the oldest wharf structures in the port. The berth is used as a docking location for the New Jersey State Police Harbor Patrol, and an office is located on the wharf.
Planned construction phasing will allow full use of Corbin Street during the construction period, avoiding traffic impact to the area. The port authority also authorized a supplement to the 100-acre Global Terminal Facility lease at Port Jersey, which provides for the addition of about a little less than half-acre of property to the Global leasehold.
In addition, the port authority continues engineering and design work on a plan to raise the roadbed of the Bayonne Bridge to accommodate new, larger post-Panamax vessels traveling to and from port terminals.
The bridge’s navigational clearance currently cannot accommodate the largest of these ships, which are expected to serve the port when the Panama Canal widening is complete. The agency has committed $1 billion toward this project.