NEW JERSEY—Global Container Terminals Inc., a North American marine terminal operator, unveiled final plans for a multi-million dollar expansion project to develop a 70-acre technologically advanced container terminal on the Bayonne waterfront.

Plans of the expansion, expected to be completed in 2014, include a terminal designed to handle the largest container vessels at greater throughput density per acre. The new gate facilities at Global Terminal will be expanded to 29 lanes from 16 lanes and be equipped with technology that allows quicker access while providing security and optimal routing.

Both the existing Global Terminal and the expansion area are situated on New York Bay, ahead of the entrance to the Kill Van Kull. With 50 ft. of water depth at its new berths, Global Terminal will be equipped to accommodate the largest container vessels in the world with a total capacity to move 1.7 million 20-ft. equivalent units per year.

In addition, the project will generate new longshoremen positions and contribute to the more than $6.4 billion in additional personal and business income the port is expected to generate from capital investments through 2017.

"We anticipate adding more advanced job opportunities as we improve the competitiveness and throughput of the port," said James Devine, president and CEO of Global Container Terminals U.S.A. "We will provide the training as well as the job opportunities for ILA workers to transition into the next generation of container handling."

The Global Terminal project complements a current Port Authority of New York and New Jersey development at the adjacent Greenville rail yard north of Global Terminal. The Greenville facility will have annual capacity of 250,000 lifts to speed containers via rail to and from interior U.S. destinations, playing a key role in keeping the Port of New York and New Jersey competitive versus other Atlantic Coast ports serving the U.S. Midwest, Southern and Canadian destinations.