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United States : Port Authority board approves Major redevelopment of Greenville Yard to improve cargo movement in the port.

The Port Authority Board of Commissioners today approved a major redevelopment of Greenville Yard that will include a new ExpressRail facility the fourth of its type to be built by the agency that will support the adjacent Global Marine Terminal. This will allow the terminal to ship and receive containerized cargo by rail, a capability that it lacks today.

The Board also approved a series of improvements to the cross-harbor car float system operated by NY-NJ Rail that moves freight more efficiently by both water and rail (as opposed to truck) between New Jersey and markets east of the Hudson River, including New York City and Long Island.

The total program cost is approximately $356 million, of which the Port Authority will contribute approximately $320 million and approximately $36 million will be contributed by third-party stakeholders. Of the $320 million in Port Authority funding, approximately $234 million will be reimbursed through a combination of federally earmarked funds, grants and the Port Authority's Cargo Facility Charge. Under the Board's action, the project is conditioned on the continued availability of the Cargo Facility Charge, which is used to pay for the costs of certain road, rail and common infrastructure improvements within the Port of New York and New Jersey.

Cargo coming on and off the Global Terminal today is transported to and from its final destination primarily by truck. The new facility will allow for transloading of containerized cargo from ship to rail, offering ocean carriers and their customers a more efficient and environmentally-friendly option for goods movement. The facility will have an initial capacity of at least 125,000 cargo container lifts a year, and is expected to be operational on or about July 2016.

In addition, the program calls for a significant upgrade to the NY-NJ Rail operation, which is owned by the Port Authority and operates the last cross-harbor car float system on the Hudson River. Under the system, freight is loaded on rail cars and the cars are moved by marine rail barge (carfloat) from Greenville to rail yards at 51st Street and 65th Street in Brooklyn, N.Y. Cargo delivered to Brooklyn is either delivered to local customers or handed over to another railroad to reach its final destination.

The program, when completed, will provide significant environmental benefits, including reductions to vehicle travel time, fuel consumption and a reduction in air emissions. As a result of the projects, 1.6 million metric tons of carbon monoxide emissions will be avoided over a 30 year period, 142 million gallons of diesel fuel will be saved and 17.1 million truck trips on local roads will be avoided.

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Publication:Mena Report
Geographic Code:1U2NJ
Date:Sep 18, 2014
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