(Justmeans.com / CSR News) - March 15, 2010 -The Port Authority and the U.S. Environmental Protection Agency today launched an aggressive program to replace up to 636 of the oldest, most polluting trucks serving the Port of New York and New Jersey with newer models that generate less pollution and greenhouse gas emissions.

The $28 million program is designed to encourage the owners of up to 636 pre-1994 drayage trucks that regularly serve the port to purchase newer vehicles. Truckers are eligible if they regularly call on the Port Authority's marine terminals. The program is partly funded by a $7 million EPA grant, with the remainder coming from Port Authority funds. 

The bi-state agency also announced today a truck phase-out plan in which pre-1994 model trucks would no longer be able to call on Port Authority marine terminals beginning January 1, 2011.  Trucks not equipped with engines that meet or exceed 2007 federal emissions standards will no longer be able to call on the Port Authority marine terminals beginning on January 1, 2017.

Under the program, trucks drivers will be eligible for the following assistance:

• A 25 percent grant toward the total purchase price of a replacement truck - averaging between $20,000 and $60,000 - which must be model year 2004 to 2008, equipped with an engine model year 2004 to 2007.
• Low-interest financing (5.25 percent over five years) for up to 75 percent of the total purchase price of a replacement truck

Tetra Tech will manage the overall program, including outreach, monitoring and reporting services.  ACCION USA Inc., a leading nonprofit organization that provides assistance to credit-challenged small businesses, will administer the program funds.