Seabury Capital advises on Connecticut State Pier expansion

Seabury Maritime acted as the transaction advisors to the Connecticut Port Authority (“CPA”) in a public and private investment to redevelop State Pier into a world-class 21st century port facility, expanding its economic potential while capturing emerging opportunities.

The estimated $93 million investment will transform State Pier into a world-class state of the art facility, while creating a platform for heavy lift cargo, such as offshore wind components, to utilize Connecticut’s ports.

“This...

https://container-news.com/seabury-capital-advises-connecticut-state-pier-expansion/

Connecticut Ports deal for terminal’s operation

The Connecticut Port Authority (CPA) has reached an agreement with Gateway New London LLC for the long-term operation of State Pier in New London. The decision comes after a rigorous competitive selection process designed to determine the highest and best use of State Pier and to find a partner with the capability to deliver expanded economic opportunity to the state.

“Gateway shares the CPA’s vision for strengthening Connecticut’s maritime economy and creating new jobs through expanded...

http://container-news.com/connecticut-ports-deal-terminal-operation/