Houston Port Commission OKs 2015 Budget

The Fiscal Year 2015 Operating and Capital Budget was approved last week during a special meeting of the Port Commission of the Port of Houston Authority.

Projections by the Port Authority anticipate increased revenues in 2015, driven in large part by an increase in both import and export container volumes, with an expected pullback in steel tonnage after a banner year in 2014.

Overall cargo volumes at the Port Authority continue to grow, with total tonnage in 2014 five percent higher than the previous year.

Total revenues are projected to increase by 1.6 percent in 2015. A capital improvement budget of $275 million will be supported by the cash flow from the current year and 2015. Those capital improvements will include strategic projects to support new growth opportunities, along with recapitalization projects and channel projects.

The global economic outlook suggests 2015 will be slightly stronger than 2014, with most key economies either growing or remaining steady during the upcoming year.

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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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