NEW YORK CITY-The Port Authority of New York and New Jersey on Wednesday authorized a 40-year design-build-finance-maintain contract to the NYNJ Link Partnership as part of a $1.5-billion public-private partnership to replace the Goethals Bridge between Staten Island Elizabeth, NJ. At its monthly meeting Wednesday, the Port Authority’s board also approved a $743.3-million contract to raise the Bayonne Bridge connecting that New Jersey city with Staten Island, and a $35-million repaving of the Outerbridge Crossing that links the island with Perth Amboy, NJ.

The replacement Goethals span marks the Port’s first bridge construction project since the George Washington Bridge between Manhattan and Fort Lee, NJ opened in 1931. It reflects agency engineers’ judgment that replacing the aging Goethals would be more cost-effective than repairing it.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.