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

  • New Tanzanian bridge project moving ahead
    August 2, 2019
    Tanzania’s planned Kigongo-Busisi Bridge will span part of Lake Victoria and improve transport connections for the country’s Mwanza Region.
    Read More
  • ACS and Ferrovial of Spain interested in U.S. road project
    October 25, 2013
    Spanish construction companies ACS and Ferrovial are both taking part in the tender of the US$1.3 billion Neon Project in the U.S. State of Nevada, through different consortia. Ferrovial is bidding for the project through its subsidiary Cintra Infraestructuras, while Ferrovial has formed a consortium with Fengate Capital Management and Star America Fund GP. The Neon Project involves the extension of a 5.95km road stretch in Las Vegas city, including a bridge and a high capacity lane. The contract is expe
    Read More
  • Possible delays for Gordie Howe Bridge
    November 15, 2022
    The tolled six-lane cable-stayed bridge over the Detroit River will connect the city of Windsor in the Canadian province of Ontario with Detroit in the neighbouring US state of Michigan.
    Read More
  • Kazakhstan’s London road show woos consortia for Almaty ring road
    March 2, 2015
    Kazak and EBRD officials visited London to highlight the possibility of a public-private partnership under the country’s revised PPP legal framework. David Arminas reports. To build a road, you go on the road, and that is what Kazakhstan did in London in mid-December. Representatives of more than 100 organisations, a mix of construction companies and financial institutions, attended the roadshow-style presentation to attract foreign capital for BAKAD, the Almaty Ring Road Concession. The message was that Ka
    Read More

Highlighted Content