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New South Jersey Port Planned

The Port Paulsboro project, including an industrial park, will be developed on a 190-acre brownfield site in Gloucester County.The South Jersey Port Corp. (SJPC) has authorized $135 million in bonds to develop an expansion port at Paulsboro.
“We”re turning ships and cargo away and that means we”re turning away jobs, economic opportunity and business, and that”s bad for the New Jersey economy. There is no room to grow in Camden so we”re expanding into Paulsboro and that”s good business, good economics and good policy,” said Joseph Balzano, executive director of the state agency, which also operates the ports of Camden and Salem in southern New Jersey.
Camden set a record in 2004 with 3.43 million tons of cargo, the second consecutive year the port achieved a new cargo record.
Balzano estimated that once the port receives the necessary agreements, contracts and permits, it would take 24 to 36 months to build the port, about six miles south of Camden, and open for operations.
The Port Paulsboro project, including an industrial park, will be developed on a 190-acre brownfield site in Gloucester County.
The bonds won”t be issued until SJPC, Paulsboro and Gloucester County complete an agreement on development. A small portion of the bonds over the next six months will be used to conduct necessary engineering, environmental studies and permitting, after which port customers will be signed up. At that time, plans call for the sale of $90 million to $135 million in bonds, depending on final design requirements.
Port planners anticipate the initial state investment will attract upwards of $250 million in additional private investment as the port builds out to full size.