Governor Hochul Announces Major Private Investment in Staten ...

The Howland Hook Marine Terminal on Staten Island is set to receive a significant investment of at least $200 million from global shipping company CMA CGM. This investment, the largest in the facility's history, will create 300 union construction jobs and 80 permanent on-site jobs. The agreement prioritizes hiring local residents and contracting with local businesses, with a focus on minority- and women-owned businesses. Upgrades will include zero emissions equipment and sustainability enhancements, and the capacity of the shipping hub will be increased.

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FAQ

Q: What is the major private investment announced by Governor Hochul in Staten Island?

A: Governor Hochul announced a major private investment in the Staten Island shipping terminal. The investment, anticipated to be at least $200 million by CMA CGM, is the biggest in the facility's history and aims to boost the Staten Island economy by adding 300 new jobs. Source

Q: Who made the major private investment in Staten Island?

A: The major private investment in the Staten Island shipping terminal was made by CMA CGM, a French shipping company. Source

Q: How much is the private investment in Staten Island?

A: The private investment in the Staten Island shipping terminal is anticipated to be at least $200 million. Source

Q: What is the purpose of the private investment in Staten Island?

A: The purpose of the private investment in the Staten Island shipping terminal is to boost the Staten Island economy by adding 300 new jobs. Source

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