City to upgrade docks on West Side.New York City Economic Development Corporation Overview New York City Economic Development Corporation (NYCEDC) is a non-profit local development corporation that promotes economic growth across New York City's five boroughs. today announced a series of major improvements to the Passenger Ship Terminal on Manhattan's West Side. As part of a larger master plan being developed to accommodate the growing cruise industry in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , the City will immediately invest $50 million in facility upgrades to help the thriving cruise industry meet growing demand. The proposed upgrades will improve passenger circulation, reduce roadway congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. , stabilize the facility infrastructure and improve passenger service and comfort. EDC EDC See: Export Development Corp. manages PST PST Paroxysmal supraventricular tachycardia, see there on behalf of the City.The two-year interim plan calls for the installation and upgrades to stairways, escalators and elevators for improved circulation. More than 887,000 passengers passed through the Passenger Ship Terminal in 2003, up from 425,000 ten years ago. The industry contributes about $800 million a year to New York's economy as cruise passengers often spend a few days in the City staying in hotels, seeing shows and eating in restaurants, according to the Cruise Lines International Association. In addition, it is estimated the cruise industry in 2004 will provide more than 3,300 direct and indirect jobs in the City. |
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