A Wider Panama Canal Could Lead to a NY Boom, But City May Not Be Ready « Working Harbor Commitee: "A project to raise the Bayonne Bridge has been approved by the Port Authority’s Board of Directors. But it will cost an estimated $1 billion. And, it won’t be done until 2016, two years after the bigger ships are already sailing through the Panama Canal. “For those first two years, the Port of New York and New Jersey will not be able to accept the biggest ships, so it will give the Southern ports a bit of a jump,” said Silverman."
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