Dredging to Boost Traffic at Port Hueneme (USA)

Governor Edmund G. Brown Jr. this week signed AB 2395 by Assemblymember Bonnie Lowenthal (D-Long Beach) into law.

AB 2395 increases the Oxnard Harbor District’s borrowing authority from the current $1 million cap to $10 million, but retains key accountability standards, including a two-thirds vote by the district’s Board of Harbor Commissioners for any new borrowing.

“A lot has changed since 1984, and our ports need to be able to compete in the global economy,” said Lowenthal, chair of the Assembly Transportation Committee and the Select Committee on Ports. “By modernizing the financing ability for Port Hueneme, they’ll be able to take on some significant infrastructure upgrades, create jobs, and increase local revenue.”

Port Hueneme is the only deep water port between southern and northern California. When the $1 million borrowing cap was established in 1984, the Port’s total assets equaled approximately $18 million and revenue totaled $4 million. Today, the Port’s assets exceed $95 million, and the Port closed the last fiscal year at its highest operating revenue on record at over $13.3 million.

With the increased borrowing authority, the Port will be able increase the depth of its harbor and make associated wharf improvements that would allow the Port to accommodate a broader range of vessels and process additional cargo.

Press Release, August 28, 2014

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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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