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$500 million deal at Port Newark may bring 800 jobs
With New Jersey’s unemployment rate outpacing the nation, Gov. Chris Christie visited Port Newark on Wednesday to tout a $500 million deal that could lead to 800 new jobs.
The deal with Port Newark Container Terminal, made in June, calls for a 20-year extension of the terminal’s existing lease through 2050, subject to PNCT’s investment of $500 million. (DeFalco, The Associated Press)