PHA Capital Budget Approved

The Fiscal Year 2016 Operating and Capital Budget was approved Tuesday (November 17) during a special meeting of the Port Commission of the Port of Houston Authority (PHA).

Solid financial performance is expected to continue in 2016 with projections by the PHA of revenue growth after a very strong fiscal 2015 in terms of cargo tonnage.

Total revenues are projected to increase by 2 percent next year with a steady growth in container units.

Cash flow generated in 2016 will help support a capital improvement program of $314 million. Those capital improvements will include strategic projects to support new growth opportunities, along with recapitalization projects and channel projects to benefit the entire Houston Ship Channel.

The global economic outlook suggests 2016 will be slightly stronger than 2015, 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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