Governor Dannel Malloy has announced that the Connecticut State Bond Commission is expected to approve a USD $15 million investment for an infrastructure project to revitalize State Pier in New London.
The Connecticut Port Authority (CPA) will oversee the project, and work has already begun on preliminary planning.
Scott Bates, Chairman of the CPA, commented on the project: “Governor Malloy has worked hard to rebuild Connecticut’s infrastructure as a way to create jobs and long term economic growth.
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This investment in State Pier will pay dividends for years to come in this region and across Connecticut. At the Connecticut Port Authority, we are ready to tackle this new project as we continue our work strengthening the maritime economy across the state.”
State Pier in New London is the only major port, from the mid-Atlantic to Maine, without bridge obstructions or hurricane barriers that can restrict ships from entering other harbours.
In addition to this, State Pier is expected to support development initiatives along the east coast of the United States.
The governor’s announcement of further investment in State Pier follows the agreement of a new partnership with Electric Boat, which will help create nearly 2,000 jobs in the region.
