b'MARCH 8 - 21, 2021BREAKBULK QUARTERLY 11CTs Governor Lamont announces New LondonThe $60 million question is inking of host community agreementanswered as Quonset and the with rsted/Eversource JV Port of Davisville win at the pollThe HCA agreement will help boost development of Port of NewBy George Lauriat, AJOTLondons quest to be a hub for offshore wind power. On March 2 ndRhode Islandof the box, a number of devel-ConnecticutsGovernorvoters went to the polls to voteopment projects can now kick NedLamontannouncedthatonsevenballotquestions,into high gear.the City of New London andincludingQuestion 7 which ifEssentially, $20 million of thersted/EversourceJointapproved, would see the statethe $60 million will go to the VenturehavesignedaHostissue $60 million in bonds toPortofDavisvillesconstruc-Community Agreement (HCA)the Quonset Development Cor- tion of a new pier and renova-to facilitate the redevelopmentporation (QDC) for economiction of the existing Pier One, (a ofStatePierintoamodern,developmentactivity,includ- pier built during World War II) heavy-liftfacilitycapableofing$40millionforindustrialandthe accompanying dredg-supportingoffshorewindtur- site development.ing.Both projects are essen-binestagingandassemblyFor a number of monthstial to the growth of the Port and a broader range of cargobusinessleadershavebeenwhichannuallyhandlesover businesses.Theagreementstumping for the question to200,000 vehicles and as such representsacriticalmilestonebeapprovedasQDCwhichhas been described as the big-in the states quest to becomeencompassesthePortofgest small port in the country. anationalleaderinoffshoreDavisvillehasbeenoneofAutos aside, the real purpose of winddevelopmentwhilepro- The HCA will provide thebeyond.Whentheagree- Rhode Islands most success- investmentinthePortspiers viding the City of New Londoncitywith$750,000inbasementbecomesfullyimple- ful economic enterprises.istopositionQuonsetasa withsignificanteconomicrevenueoveraseven-yearmented, with other paymentsAll 7 bond measures werepotential hub for offshore wind opportunityasitbecomesaperiodwiththeexpecta- bytheConnecticutPortpassed by Rhode Island voterspower activities. regionalepicenterofoffshoretionthatthepaymentswill(INKINGcontinued onand while#7 was expected to(WINcontinued on wind development. continuefortenyearsandpage 14) be lucky with the formal tickpage 23)TheHCAguaranteesat least$5.25millioninpay-mentstotheCityofNew London over seven years. TheLIBERTY GLOBAL LOGISTICSllcagreementalsoprovidesfor the citys revenue to increase as Connecticuts use of renew-ableoffshorewindexpands over the next decade.Todays agreement makes Connecticuts role as a leader in the offshore wind industry official,withNewLondon now poised to become the pre-miercommercialEastCoast hubforthissectorandour statesettobecomealeader in the transition to renewable energyandthefightagainst climatechange,Governor Lamontsaid.Thisproject represents exactly what I have wanted to see at the local level sinceIcameintooffice local investment, job growth, development, and a focus on providing for a better environ-ment and future for our state. I am proud to see this agree-ment come to fruition, and I amespeciallyproudofourLGL is the SOLUTION private sector partners work-ing with us in the public sector to make this project a reality. to your complicated cargo needs!The HCA provides $750,000 annually to the City of New Londonforsevenyears duringtheconstructionof the Revolution Wind, South Fork Wind, and Sunrise Wind projects.IfEversourceand rsted win any Connecticut offshorewindprocurement duringthosesevenyears andJVworkcontinuesat the port, the annual payment will extend through year ten of the host community agree-ment.TheHCAbuildson anearlierrstedandEver-sourcecommitmentforthe first two years of operations at State Pier.Thecityisdelighted tohavereachedanagree-ment with rsted and Ever-source on a Host Community516-488-8800 www.LibertyGL.com Rate Quotes: [email protected],NewLondonBookings: [email protected] Michael Passero said.'