Dignitaries from the U.S. Army Corps of Engineers, the Port Authority of NY/NJ, as well as local and federal elected officials, celebrated the completion of a 20-year, $2.1 billion federal navigation channel project in Cape Port Liberty, Bayonne.
â€œThe Port of New York and New Jersey provides hundreds of thousands of jobs to the region, and delivers high demand products and goods to over 23 million local customers on a daily basis,” Mayor Jimmy Davis said during the opening remarks of the ceremony.
“On my part, and on behalf of my city, I am proud to say that because of projects like this Bayonne remains a gateway for commerce at the Port of New York and New Jersey, one of the most productive port operations in the world.”
The completion of the portâ€™s main navigation channel was a deepening of fifty feet in order for larger vessels to access the container terminals and assure it global competitiveness.
The port is predicted to maintain 336,000 direct and indirect jobs, $21 billion in personal income, $53 billion in business, and $71 billion in federal, state and local revenue, officials announced today.
Senior Policy Advisor on the National Economic Council at the White HouseÂ Jacob Broder-Fingert reminded everyone about the important of United States trade agreement with the Pacific that allows US products “to get overseas to those who want to buy American.”
“While today is good day, certainly a day to be proud of, I think its also a good reminder that we need to invest in ports, in water, in our country’s infrastructures and do the hard work to keep the arteries of our economy flowing,” he added.
The port also provides environmental benefits by using the sand dredge, or â€œmud lock,â€ as a way to restore wetland and shallow water fish habitats.
Container ships with fuel efficient engines and air emission control systems will also be more environmentally friendly than the other means transportation for goods.
Bayonne is now the home of the third largest port in America and the largest port on the East Coast.
â€œThe project is expected to nearly return seven times as much economic benefit as we put into it,â€ stated Assistant Secretary of the Army for Civil Works Jo-Ellen Darcy.
Port Authority Port Department Director Molly Campbell, Lt. General Todd T. Semonite, Chief of Engineers of the U.S. Army Corps of EngineersÂ and U.S. Congressmen Rodney Frelinghuysen (D, NY-11), Donald Payne, Jr. (D-10), Albio Sires (D-8), U.S. Sen. Bob Menendez (D-NJ) and Dan Donovan (D, NY-11) also gave remarks during the event.