New Jersey's Port Authority's Cargo recently announced their new Handling Equipment Fleet Modernization Incentive Program. The program has been funded by a $2 million federal Congestion Mitigation Air Quality (CMAQ) grant and is aimed at reducing emissions from Cargo Handling Equipment (CHE) by incentivizing tenants of New Jersey Marine Terminals to replace their older fleet with new CHE with Tier IV engines or alternative powered equipment, including all electric, diesel electric or hydraulic hybrids, and liquefied or compressed natural gas.
All Port Authority tenants with off-road container CHE are eligible for this program and can purchase new CHE and get reimbursed 20% of the purchase price, up to $20,000 per CHE unit replaced. Off-road container CHE such as straddle carriers, yard tractors, rubber tire gantry cranes, or top loaders are eligible for the Grant. Participating tenants must agree to scrap the old equipment.
Tenants can apply by following these five easy steps:
- Review the Cargo Handling Equipment Fleet Modernization Program Agreement for more detailed program requirements.
- Enter into an agreement to comply with program requirements, including the requirement that new equipment remain in Port Authority New Jersey Marine Terminals for five years from the date of its acquisition.
- Purchase new equipment and scrap old equipment.
- Provide a copy of the paid invoice demonstrating the purchase price of the CHE, proof the old equipment was scrapped, and verification that the new equipment meets the Tier IV diesel engine standard or is alternative powered equipment.
- Upon receipt and approval of the required submittals, will reimburse the participating tenant 20% of the purchase price, up to $20,000 for each new CHE.