Port Plans for Cargo Growth

BAYONNE, NJ-As part of its recent initiatives to position the Port of New York and New Jersey for future economic growth, the Port Authority has snapped up more waterfront property—in this case, the 98-acre Global Terminal on the Port Jersey peninsula in Jersey City and Bayonne.

Coupled with the Port Authority’s previous transaction in 2007 to change the use of the adjacent Northeast Auto Terminal lease to allow for container handling, the agreement will lead to the expansion of the Global Container Terminal to 170 acres, which will assist in handling future cargo growth. The expanded Global Container Terminal will become part of the Port Jersey-Port Authority Marine Terminal facility.