In 2011, PANYNJ restructured the lease of a major tenant, Port Newark Container Terminal (PNCT), whose owner had been subject of the Dubai Ports World controversy. The agreement calls for a 20-year extension of PNCT's existing lease through 2050, subject to PNCT's investment of $500 million and an expansion from 180 to about 287 acres to accommodate additional volume. It is expected to generate an annual increase in container volume from Mediterranean Shipping Company, the world's second-largest shipping company, from 414,000 to 1.1 million containers by 2030. Various planned steps to accommodate this growth include deepening the Kill van Kull, raising the Bayonne Bridge, and expanding rail freight facilities. Highstar Capital, the owner of PNCT's parent company Ports America is shopping the company. In 2017, a Turkish company seeks to buy Ports America.