Investment Considerations Involved in Channel Construction and Terminal Redevelopment at the Port of New York and New Jersey

Simultaneously with the Corps of Engineers' channel studies, the Port Authority has completed a study for terminals and intermodal connections. The analysis identifies the investments required to expand the infrastructure assets of the Port. In addition, the New York City Economic Development Corporation has also completed a study for redevelopment of the Port of New York. This study examines Port and potential terminal sites on the New York side of the harbor to maximize the throughput capacity of New York City facilities. Combined, these studies recommend an investment of $5 to $7 billion for terminal reconfiguration and expansion as well as investments for new and enhanced intermodal connections. Additional investments must be considered during the overall project's financial analyses to get a complete picture of the total port redevelopment cost and its ultimate scope. This paper describes these considerations and additional aspects in the context of the port expansion activities at the Port of New York and New Jersey.