Capital investments on behalf of The Port Authority of New York and New Jersey result in the long-term economic growth for the port industry, according to the 2020 Economic Impact Study by the New York Shipping Association. Investments close to $2.9 billion across projects spanning waterside, terminal and landside infrastructure and equipment have reshaped and repositioned the port to meet 21st-century needs. The Port of San Francisco announced the completion of a $98 million expansion project that improves water transportation, creates resilient infrastructure for emergency response activities and provides the public with new open space on the San Francisco waterfront.
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