In CT2030, Connecticut’s ports are among the most active and innovative in the country, and they are contributing to Connecticut’s economic output as production centers that facilitate the movement of freight around the state. With strategic locations like New London, Bridgeport, and New Haven that provide deepwater for larger ships, and a terminal like Stamford that will expand the state’s transit options, Connecticut’s ports are critical to a forward-thinking infrastructure future.
Funding Source: Private Investment
In CT2030, Bridgeport is Connecticut’s second prime location for offshore wind development. The location is uniquely suited to support the industry, and combined with other infrastructure improvements in the region, Bridgeport is seeing new investment. The accessibility to Bridgeport, and faster commute times lead to expanded job markets for companies and employers to support the burgeoning wind industry.
Cost: $20 Million
The dredging of the Port of New Haven will increase the capacity of the facility allowing larger vessels to pass through, and it would improve access for other vessels to make stops in New Haven, increasing the frequency of freight ships in the area. As the second largest port in all of New England, this kind of investment reaps dividends in CT2030.
Cost: $35.5 Million, More than 1:1 Private Investment
In CT2030, the State Pier in New London is a hub for the production of off-shore wind technology. This public private partnership has led to new economic activity in the region, and has put New London on the map as a world leader in the field of wind turbine manufacturing. This new venture for New London leads to more jobs in the region due to companies in the area helping to support the production of turbines, and this future achieves steady economic growth.
Cost: Private Investment
In CT2030, Stamford is still in a development boom which extends to its access to the Long Island Sound. A new mode of transportation in the form of a high-speed ferry takes commuters and tourists alike from Stamford to Lower Manhattan in about 90 minutes in the form of a pilot program backed with federal dollars and private investment. This provides an extra method for commuters to utilize to get to work, and non-residents using the ferry will lead to increased economic activity.
Estimated Cost: $25 Million
Funding Source: Smart Borrowing
Continue funding the Small Harbor Improvement Projects Program that shares the cost of small projects across the state.