The Port Authority of New York and New Jersey has approved a landmark 33-year lease extension with Maher Terminals, securing the East Coast’s largest common-use container terminal through 2063 and positioning it for cargo volumes that could double or triple by mid-century. The 450-acre Elizabeth, New Jersey facility—owned by Macquarie Infrastructure Partners and responsible for roughly 35% of the port complex’s container traffic in 2024—will assume full responsibility for maintaining, rehabilitating, and replacing all wharf and berth structures within its leasehold by 2030. The deal extends Maher’s current lease from its 2030 expiration to September 2063, includes increased rental payments tied to capacity growth, and commits the operator to expand operations as demand rises. Sustainability provisions align with the Port Authority’s net-zero goals, with Maher pledging to work toward net-zero emissions and comply with tariff incentives promoting cleaner equipment. As a common-use terminal serving Ocean Alliance members and other carriers, Maher’s long-term commitment underpins a port complex that handled $264 billion in goods and 8.7 million TEUs in 2024, supporting more than 580,000 jobs across the region and reinforcing New York–New Jersey’s role as a resilient, reliable gateway for global trade.