October 4, 2012

GOV. MALLOY: REPORT REVIEWS ECONOMIC DEVELOPMENT POTENTIAL FOR STATE'S DEEP WATER PORTS

New Study Provides Recommendation for Strategic Investment in Bridgeport, New Haven, and New London

(HARTFORD, CT) - Governor Dannel P. Malloy today announced the completion of the Connecticut Deep Water Port Strategy Study which was commissioned by Connecticut's Department of Transportation (DOT) to guide the development of a long-term economic development strategy for the deep water ports in Bridgeport, New Haven, and New London. The study makes recommendations to protect existing commercial operations at these ports, and identifies new opportunities for business growth.

"This report is an important tool to strengthen the economic potential of Connecticut's deep water resources," said Governor Malloy. "Expanding business development and creating jobs are keys to economic recovery, and this study highlights ways we can support our maritime industries and effectively compete for limited federal resources. By examining both short- and long-term options, we are in a better position to accelerate economic activity at all of our ports."

In addition to the DOT, three state agencies collaborated in the development the study: the Office of Policy and Management (OPM), the Department of Economic and Community Development (DECD), and the Department of Energy and Environmental Protection (DEEP). Municipalities also played an active role throughout the process.

"The recommendations in the study will help us determine the best ways to invest in and manage our ports," said Jim Redeker, Commissioner of the DOT. "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 Bridgeport, New Haven, and New London, and provides recommendations in the areas of infrastructure and harbor improvements, governance, and funding.

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

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

The report also identifies opportunities for growth:

As a first step, the Governor has directed the DOT to utilize recommendations from the study in its solicitation for an operator at the State Pier in New London. The DOT had previously extended the current contract to await the results of the report. The new solicitation will be guided in part by the specific recommendations contained in the study. He has also directed the commissioners of DECD, DEEP, and DOT to continue working with municipal officials, port authorities, and other maritime stakeholders to review the study findings and determine how any recommendations will be implemented.

Funding for Connecticut Deep Water Port Strategy Study was established by the Legislature in Public Act 11-57 .

**Download: Connecticut Deep Water Port Strategy Study

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For Immediate Release: October 4, 2012

Facebook: Office of Governor Dannel P. Malloy