N.Y.-N.J. Port Authority approves ICTF
The Port Authority of New York and New Jersey’s Board of Commissioners last week authorized $3 million for planning and preliminary design work an intermodal container transfer facility at the Greenville Yard-Port Authority Marine Terminal.
The terminal is adjacent to a container terminal leased by Global Container Terminal, which the port authority is expanding from 98 to 170 acres.
The agency will spend the next year designing the terminal and determining its construction cost. A request for construction funds is to be presented to the board in the third quarter of 2011, said Richard Larrabee, the port commerce director.
The agency expects the first phase of the project, to be completed in July 2014, would accommodate 125,000 containers. At full build-out, the terminal would be able to handle 250,000 containers.
The port authority said the project would make Global more efficient and enhance its capacity, add intermodal capacity increase revenue for the port authority, and reduce truck traffic and air pollution.