Port of Houston Ready for Increased Cargo Volume
- Business & Finance
The last month’s opening of the expanded Panama Canal was recognized during the latest meeting of the Port Commission of the Port of Houston Authority.
“Houston is well positioned for increased trade through the canal to and from East Asia, currently our fastest growing container trade lane,” Port Commission Chairman Janiece Longoria said.
“We look forward to the opportunity to serve our customers and further establish the Port of Houston as a gateway to the U.S.”
“Port Commission actions taken during the meeting demonstrate that we are ready for the continued growth and increased cargo experienced by our terminals, as the commission approved several items supporting investments in terminal infrastructure and operations,” the PHA said in its press release.
One highlight was the award of a $34 million contract for construction of three dockside electric container cranes at Bayport Container Terminal.
When fully operational, these three new Super Post-Panamax cranes will increase the number of cranes operating at the Bayport terminal to twelve. The cranes are expected to be delivered to Bayport in about 18 months.
Focused on the PHA’s vision of becoming America’s distribution hub for the next generation, the Port Commission recently approved more than $88 million in infrastructure investments.
These investments, all directly tied to the port strategic plan, included $13 million towards channel improvement projects and more than $75 million of investment for new construction and redevelopment of Port Authority terminals.