Monday, February 6, 2017

600 Million Dollars to be Invested in New Infrastructure for West Coast Port

More Container and Temperature Controlled Freight Planned For Future
Shipping News Feature
US – The Port of Oakland has highlighted some of its plans to continue the Port’s growth with increased investment in cool storage facilities for meat exports and expanding terminals to handle more containerised freight. Speaking at an American Association of Port Authorities conference the Port’s Maritime Director John Driscoll outlined a $600 million spending plan to grow the facility.

Mr. Driscoll said the Port planned to team up with private developers and public agencies to modernise the facility’s infrastructure. Oakland has just completed a $100 million railyard near the marine terminals and a proposed logistics complex. Additionally a privately financed $50 million expansion of the Port’s second-largest marine terminal is underway and construction of a $90 million, privately built refrigerated warehouse called Cool Port should begin next month. Oakland hopes to raise $244 million, mostly from government grants, to separate railroad tracks from major Port roadways. Speaking of the improvements Driscoll said:

“We’re building for growth in a shipping industry that is becoming more and more competitive. By investing with partners who share our vision, we can deliver services that will be of great value to the global supply chain.”

The Port of Oakland last year recorded a substantial increase in tonnage handled due to a boom in agricultural exports to Asia that the Port says it is is well situated to exploit.