The money will go toward constructing a new apron up to 500 ft long, a passenger viaduct and 2 new gangways. They'll also pay for the implementation of high-capacity wireless network at the cruise terminal.
US$2.2 million in capital grants are due to be provided by the city and another US$15 million will come from the private operator chosen to run the terminal in May, Ports America.
NY picked Ports America to run the Manhattan and Brooklyn terminals through 2029. Ports America has to invest US$38.5 million in capital improvements at the terminals as part of the agreement.