USA: Commission Approves USD 1 Billion Port of Long Beach Budget

The Long Beach Board of Harbor Commissioners has approved a $1.02 billion budget for fiscal year 2014 that includes the Port of Long Beach’s largest-ever capital improvement spending plan.

A total of $788 million in capital spending is 6 percent more than last year and leads the planned expenses in the budget that covers the fiscal year set to begin Oct. 1, 2013. The Port’s aggressive modernization with projects such as the Middle Harbor terminal and Gerald Desmond Bridge Replacement pushed the overall budget up by 6.6 percent compared to the current fiscal year. The budget also projects operating revenue of $375 million, the highest ever.

The budget was unanimously approved by the Commission on June 17. It will be presented in July to the Long Beach City Council for approval. The spending plan reflects the Port’s commitment to boosting its competitiveness by rebuilding and replacing outdated facilities and infrastructure.

In addition, the budget sets aside $73 million for environmental programs to improve air and water quality, as well as to protect wildlife habitat. The budget also estimates a record $18.4 million transfer to the City’s Tidelands Fund for the Board to consider. The transfer would be 5 percent of estimated operating revenue for fiscal year 2013.

Al Moro, the Port’s Acting Executive Director, said the Port’s budget incorporates a combination of prudent fiscal planning and “green growth” that increases cargo flows with environmental sustainability programs.

Our carefully planned 10-year capital improvement program represents a significant investment in this Port, and this annual budget is just one part of that,” Moro said. “We’re working to maintain this Port’s ability to sustain economic activity and jobs in Long Beach and the region.”

Press Release, June 19, 2013

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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