NY-NJ Port Authority launches bridge replacement PPP

The inter-state agency is now looking to qualify bidders interested in demolishing and rebuilding the 82 year-old Goethals Bridge connecting New Jersey with New York City’s Staten Island. The Port Authority previously placed the construction cost of the new bridge at $1bn.

The Port Authority of New York and New Jersey is now seeking investors for a bridge replacement project that could cost up to $1 billion.

The inter-state agency said in a request for qualifications posted on its website that it is looking to find a private partner who will design, build, finance and maintain a replacement to the Goethals Bridge connecting New Jersey with New York City’s Staten Island.

The Port Authority will also look for the selected bidder to demolish and dispose of the 82 year-old Goethals Bridge upon completion of the new structure.

The Port Authority has previously placed the construction of the new bridge at about $1 billion.

Responses to the request for qualifications are due 30 November. The Port Authority said it will notify bidders whether they qualify for the project by 14 January 2011.

Requests for proposals to the qualified teams are expected to be issued in the first quarter of 2011, the authority said.