Connecticut Port Authority has reached an agreement with Gateway New London LLC for the long-term operation of State Pier in New London, a facility that it hopes will play a major role in offshore wind projects on the US east coast.
The decision comes after a selection process designed to determine the best use of the pier and find a partner with the ability to deliver expanded economic opportunities to the state.
Connecticut Port Authority (CPA) chairman Scott Bates said, “Gateway shares the CPA’s vision for strengthening Connecticut’s maritime economy and creating new jobs through expanded operations at State Pier.”
Under terms of the 20-year agreement, Gateway will assume operation of State Pier on 1 May 2019, with an option at the end of the term for the CPA to extend for two additional 10-year periods.
The agreement presents an opportunity to expand the port’s role as an economic driver by increasing the overall traffic flowing through it. Businesses and workers around the state will benefit from greater access to valuable markets.
Maximising the potential of State Pier was a priority in the 2018 Connecticut Maritime Strategy. In support of the strategy, the CPA will work closely with Gateway to invest the funds provided through a recent power purchase agreement and zero carbon initiative to make the pier attractive to the offshore wind industry and other emerging opportunities in the region.
In 2018, Connecticut Governor Dannel Malloy confirmed the state would invest US$15M in State Pier to spur economic development and help turn the city into a hub for the offshore wind industry.
The Offshore Wind Journal Conference in London on 5 February 2019 will address key issues including global market developments, increasing turbine sizes, floating offshore wind and industry regulations. Book your place now.