Port of LA: Huge Capital Investment Program Approved

Press Release
Friday, June 07, 2013
Container Quays: Photo courtesy of Port of Los Angeles

The Harbor Commissioner's Fiscal 2013-14 Budget Includes $399.9-million capital expenditure to improve cargo flow and dfficiency.

The Los Angeles Harbor Commission has adopted a 2013-14 fiscal year (FY) budget of approximately $1.1 billion for the Port of Los Angeles, including one of the largest annual Capital Improvement Programs -- $399.9 million or 37% of the total budget -- in Port history. The budget supports more than 8,500 jobs, 6,870 of which are attributable to construction project spending in the coming fiscal year which begins July 1.

The capital spending budget earmarks more than $380 million for container terminal and transportation upgrades, including:

  • More than $99 million at the TraPac container terminal for backland improvements to support future terminal automation as well as construction of a facility to provide on-dock rail capabilities, which will result in all Port of L.A. container terminals equipped with on-dock rail.
  • $41.5 million in construction at China Shipping Terminal, which includes completion of 375 linear feet of expanded wharf and backland improvements.
  • Almost $96 million for the installation of Alternative Maritime Power™ stations at major container terminals including APMT, APL, Evergreen, Yang Ming and China Shipping. These stations reduce emissions from container vessels by “plugging in” to shore side power instead of running on diesel power.
  • $8.2 million for the audit, design, and construction of required upgrades at liquid bulk oil cargo handling facilities throughout the Port, pursuant to requirements of the State Lands Marine Oil Terminal Engineering Maintenance Standards.
  • Over $15 million for other terminal projects including wharf and backland development at APL, equipment and wharf upgrades at Evergreen, and pavement replacement at APMT.
  • Almost $78 million related to construction at the Berth 200 rail yard, a pivotal piece of the Port’s overall goods movement plan to facilitate more fuel-efficient, faster and safer rail operations throughout the Port complex.
  • $33.2 million for the South Wilmington Grade Separation project, which will provide unimpeded grade-separated vehicle access to businesses throughout the Wilmington Waterfront while allowing public safety vehicles unobstructed access to the area.
  •  Another $8.8 million for additional transportation projects including Harry Bridges Boulevard Improvements, the Advanced Transportation Management Information System, and the C Street/I-110 Access Ramp Improvements.

The FY 2013-14 budget builds on a year in which the Port made significant progress on a number of fronts, including completion of its Main Channel Deepening Project that now allows accommodation of new modern, larger vessels at the Port; the significant reduction of elemental carbon concentration in the Port area to its lowest levels since data collection began in 2005; and maintaining the Port’s strong financial position and its “AA” bond rating – the highest rating given to a port without taxing authority.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Day of Seafarer: ICS Highlights Seafarers Role in Migrant Rescues

Gerardo Borromeo, Vice Chairman of the International Chamber of Shipping (ICS) took the opportunity today to highlight the courage that is currently being displayed by seafarers,

“Twiggy” Baker Wins BWT Puerto Escondido Challenge

Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35

Winners of International Seafarers' Welfare Awards

The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The

Ports

Morocco Sells 40% Stake in Port Operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 percent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year,

New Era of Global Trade with Expanded Panama Canal

The Expanded Panama Canal is now officially open for business.   During the official inauguration ceremony, Panamanian President Juan Carlos Varela and Panama Canal Administrator and CEO Jorge L.

Panama Opens Canal Extension Amid Risk, Cost Issues

Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping

Finance

Morocco Sells 40% Stake in Port Operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 percent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year,

Panamax Vessel Demand Keeps Baltic Index Up

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for a fourth straight session as higher demand

Panama Opens Canal Extension Amid Risk, Cost Issues

Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1302 sec (8 req/sec)