New US$1.5bn bridge linking New Jersey, New York City

A consortium led by Australia-based Macquarie Group and Kiewit of the US, known as NYNJLink, is to build a new US$1.5bn bridge connecting New Jersey and New York City in the US. Chairman of the Port Authority of New York and New Jersey David Samson said that the Authority will hold on to the ownership of the existing Goethals Bridge. Upon completion, 35 yearly payments of roughly US$60 million per annum will be made to the consortium. A maximum of $500 million US Department of Transportation low-interest lo
April 26, 2013 Read time: 2 mins
A consortium led by Australia-based 2378 Macquarie Group and Kiewit of the US, known as NYNJLink, is to build a new US$1.5bn bridge connecting New Jersey and New York City in the US.

Chairman of the 2422 Port Authority of New York and New Jersey David Samson said that the Authority will hold on to the ownership of the existing Goethals Bridge. Upon completion, 35 yearly payments of roughly US$60 million per annum will be made to the consortium.

A maximum of $500 million 2364 US Department of Transportation low-interest loan, and $363 million from the Port Authority will go towards the new bridge’s construction. A four-decade contract to construct, maintain, finance and design the bridge will be given to NYNJLink. The two sides have yet to sign a final concession deal for the bridge, which has been billed as the biggest transportation project to be constructed with private funding in the region.

For more information on companies in this article

Related Content

  • Montreal’s new Champlain Bridge is in a race against time
    June 8, 2018
    Montreal’s US$3.24 billion Champlain Bridge across the St Lawrence River may not be open on time, according to a report by the independent Auditor General. The 3.4km cable-stayed bridge has two decks supporting three lanes of highway traffic in each direction. A third, central deck supports a mass transit system and a multi-use path. The new bridge will replace the nearby 50-year-old Champlain Bridge which has been deteriorating at an alarming rate. The government signed a contract in 2015 with a private
    Read More
  • Challenges and investment opportunities in East Africa transport infrastructure Sector
    November 21, 2014
    East Africa offers considerable potential for transport infrastructure expansion and investment - Shem Oirere reports Infrastructure, infrastructure and more infrastructure is what is needed to make East Africa the favoured destination and Kenya, Tanzania, Uganda and Rwanda have unveiled grand plans to enhance the infrastructure both nationally and regionally.” This is how market analyst Deloitte introduced its 2014/15 budget analysis for the four countries in July.
    Read More
  • Fraser Crossing Partners chosen for new Pattullo Bridge in Canada
    February 25, 2020
    Fraser Crossing Partners consists of Acciona Infrastructure Canada and Aecon Constructors.
    Read More
  • UK’s M6 tolled motorway for sale
    June 21, 2016
    For sale: one UK toll motorway along with operating business. Well maintained. Price negotiable. David Arminas looks at what is on offer As if right on cue, a French articulated truck starts to back up along the hard shoulder at an exit area of M6toll. The manoeuvring is watched from an office inside the nearby M6toll headquarters. Inside, Andy Pearson, chief executive of M6toll, glances over his shoulder and interrupts his presentation to World Highways. “He’s probably missed the dedicated wide-load
    Read More

Highlighted Content