Port of New York and New Jersey receives $11.4 million federal grant
The U.S. Department of Transportation Secretary, Ray LaHood, recently announced that the South Hudson Intermodal Facility Project in Bayonne, New Jersey, will be the recipient of an $11.4 million federal grant. The money will be allocated towards the purchase of two new cranes and additional rail infrastructure development.
New Jersey Senator, Frank R. Lautenberg, said, “This federal grant is major victory for New Jersey and the entire regional economy. Modernizing this shipping terminal and investing in the port will allow us to move more cargo, reduce carbon emissions and help make sure New Jersey continues to be an international leader in shipping. We thank Secretary LaHood for his support and will continue working with the Obama Administration to make sure New Jersey’s ports are prepared for the 21st Century.”
According to a news release on New Jersey Senator Robert Menendez’s website, the Port of New York and New Jersey supported 279,200 jobs in 2010, while generating over $37 billion in business income.