Lease Agreement Secures Major Investments and Capacity Enhancements at Port of New York and New Jersey’s Second-Largest Container Terminal / Agreement Establishes New Framework for Public-Private Partnerships and Strengthens Port’s Ability to Handle Growing Cargo Demand, Delivering Goods that Power the Region / Proposed Deal Subject to Vote by Port Authority Board of Commissioners on March 27 / The Port Authority of New York and New Jersey today announced a landmark 33-year lease extension with APM Terminals, the operator of the Port of New York and New Jersey’s second-largest container terminal. This agreement includes major investments and capacity enhancements by APM Terminals at its container terminal, setting a new framework for container terminal agreements and further strengthening the East Coast’s busiest port to meet rising cargo demand. (....)