The Connecticut State Bond Commission approved a $5 million grant in September to pay for dredging at State Pier New London. The project will be administered by the Connecticut Port Authority which is responsible for the care and custody of the property.
This year, the Bond Commission approved $15 million to pay for general improvements to State Pier. CPA is currently in the evaluation phase of a Request for Proposal process that is expected to result in the selection of a long-term operating agreement for State Pier.
This $5 million investment will partially support the State Pier Capital Dredging Program. The CPA will conduct multi-phased dredging and maintenance dredging of the facility footprint. CPA will maintain draft depths at the facility for vessel calls and environmental safety.
The improvement of State Pier was identified as the top priority in the five-year Connecticut Maritime Strategy, delivered by the CPA to the legislature and governor. CPA said State Pier has the potential to generate enough revenue to make it financially self-sustaining and able to operate independently of the state budget process.