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NJ FUTURE 2013REDEVELOPMENT FORUM     March 1, 2013 Rick Larrabee - DirectorPort Commerce Department
Why Ports are Important•10% of World Trade is to/from the USA•22% of World GDP is US GDP•25% of US GDP is International Tr...
Why are Ports Important?In 2010, the New York-New Jersey Port Industry supported:•170,770 direct jobs•279,200 total jobs i...
PONYNJ Trade Distribution by Foreign Region -           2011Source: PIERS
Container Growth in NY& NJ (TEU)
Location     Quick access to major             Immediate entry to the     population centers                most densely p...
PONYNJ: All Water Service        Landbridge                        10-State Market Area                                   ...
New Panama Canal Locks
WILL WE BE READY?
Rebuilding the Port
50 Foot Harbor Deepening Project UpdateCompletion Dates:December 2012:Newark BayPort Jersey ChannelKill van KullAmbrose Ch...
Unparalleled Rail Network$600M On-Dock Port Rail Investment
More Inland DestinationsServed by CSX, Norfolk Southern & Canadian Pacific Railway
NJMT Roadway ImprovementsPort St. & Brewster Rd.Comp. 3Q - 2013           McLester St. Roadway Widening   North Ave. / McL...
Warehousing and Distribution•Most densely populated and affluent US region•Push for one day fulfillment on internet sales•...
Clean Air StrategyRetrofit Two Locomotives With GenSets:$1.8M CMAQ grant, $600K PANYNJ investment,$600K CSX & NS investmen...
THANK YOU
NJFuture Redevelopment Forum 13 Ports Larrabee
NJFuture Redevelopment Forum 13 Ports Larrabee
NJFuture Redevelopment Forum 13 Ports Larrabee
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NJFuture Redevelopment Forum 13 Ports Larrabee

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NJFuture Redevelopment Forum 13 Ports Larrabee

  1. 1. NJ FUTURE 2013REDEVELOPMENT FORUM March 1, 2013 Rick Larrabee - DirectorPort Commerce Department
  2. 2. Why Ports are Important•10% of World Trade is to/from the USA•22% of World GDP is US GDP•25% of US GDP is International Trade•90% US International Trade(by volume) Moves by Water•65% (by value)
  3. 3. Why are Ports Important?In 2010, the New York-New Jersey Port Industry supported:•170,770 direct jobs•279,200 total jobs in the NY-NJ region•Nearly $11.6 billion in personal income•Over $37.1 billion in business income•Almost $5.2 billion in federal, state and local tax revenues•Local and State Tax Revenue: $1.6 billion•Federal Tax Revenue: $3.6 billionSource: Economic Impact Study - NYSA
  4. 4. PONYNJ Trade Distribution by Foreign Region - 2011Source: PIERS
  5. 5. Container Growth in NY& NJ (TEU)
  6. 6. Location Quick access to major Immediate entry to the population centers most densely populated region of the U.S.Ability to reach 20% of the U.S. 21% of U.S. Retail Sales are in thepopulation in under 8 hours; Northeast;18% in the Midwestmore than 30% in under 48 hours. 58% of Canadian Retail Sales are in the Provinces of Ontario & Quebec
  7. 7. PONYNJ: All Water Service Landbridge 10-State Market Area Algeciras NewYork/NewJersey Gioa TauroLos Angeles Kobe Jiddah HongKong Kaohsiung Colombo Singapore
  8. 8. New Panama Canal Locks
  9. 9. WILL WE BE READY?
  10. 10. Rebuilding the Port
  11. 11. 50 Foot Harbor Deepening Project UpdateCompletion Dates:December 2012:Newark BayPort Jersey ChannelKill van KullAmbrose ChannelBy 2014:Arthur Kill Nov. 2010 USACE as of March 2012
  12. 12. Unparalleled Rail Network$600M On-Dock Port Rail Investment
  13. 13. More Inland DestinationsServed by CSX, Norfolk Southern & Canadian Pacific Railway
  14. 14. NJMT Roadway ImprovementsPort St. & Brewster Rd.Comp. 3Q - 2013 McLester St. Roadway Widening North Ave. / McLester St. Curve Comp. 4Q - 2013 Realignment Completed - 12/11
  15. 15. Warehousing and Distribution•Most densely populated and affluent US region•Push for one day fulfillment on internet sales•Amazon investment in 1 m sq ft facility in Robbinsville, NJ. / 400+ employees•NJ/PA market is 2nd largest industrial real estate market in USA (CA #1)
  16. 16. Clean Air StrategyRetrofit Two Locomotives With GenSets:$1.8M CMAQ grant, $600K PANYNJ investment,$600K CSX & NS investmentOcean-going Vessel Low Sulfur Fuel Incentive:$6.36 M program financed by PANYNJ Reimburse50% of cost differential: bunker fuel vs low sulfurfuel. Vessel speed reductionBrooklyn Cruise Terminal Shore PowerInstallation:$15 million program, $2.85 million EPA grantCargo Handling Equipment (CHE) FleetModernization :$2.24 million program incentives by PANYNJ;Reimburse tenants 20% of the cost to replaceolder CHE with newer or cleaner CHE.
  17. 17. THANK YOU

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