Liquid Assets Underutilized

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DOT studies how to leverage deep-water ports

The state’s Department of Transportation (DOT) has released the " ">Connecticut Deep Water Port Strategy Study to guide the development of a long-term economic-development strategy for the deep water ports in New Haven, Bridgeport and New London.  Concluding that the three ports are underutilized, the study makes recommendations to protect existing commercial operations at these ports while identifying new opportunities for business growth.

“The recommendations in the study will help us determine the best ways to invest in and manage our ports,” said DOT Commissioner Jim Redeker. “Connecticut’s ports — like ports across the U.S. — face major challenges. This study will help us build on our strengths, manage and leverage state investments, and more clearly assess the full potential of Connecticut ports.”

Prepared by Moffatt & Nichol, the Connecticut Deep Water Port Strategy Study analyzes the strengths and deficiencies of ports in New Haven, Bridgeport and New London, and provides recommendations in the areas of infrastructure and harbor improvements, governance and funding.

The report specifies four existing sectors in need of retention and expansion efforts:

• Liquid bulk and related energy uses at all three deep-water ports;

• Shipyard and ship repair services at all three ports;

• Private ferry services at Bridgeport and New London ports;

• Dry cargo at New Haven and New London ports.

The report also identifies opportunities for growth:

• Scrap metal exports from New Haven;

• Wood pellet exports from New London;

• Lumber, copper, and steel imports to New Haven or New London;

• Fresh food imports to New Haven and New London.

“Connecticut’s maritime sector accounts for tens of thousands of Connecticut jobs and represents $5 billion in economic activity for the state,” said DECD Commissioner Catherine Smith. “Examining how to enhance growth and investment in this industry could be part of economic recovery.”

 
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