ASPA, APM Terminals OK $49.5 Million Mobile Port Expansion
- Business & Finance
The Alabama State Port Authority (ASPA) and APM Terminals have approved a $49.5 million expansion of the container facility at the Port of Mobile.
The parties will deliver a Phase 3 expansion that includes a dock extension and an additional 20 acres of improved yard to maintain excess capacity to accommodate new business opportunities. When completed, the project will accommodate an annual throughput capacity of 650,000 TEU.
“The Phase 3 expansion enables us to stay well ahead of the growth pattern we’ve seen in the Port of Mobile, as well as add dock space to support the growing vessel sizes that are coming to the terminal. It will help us maintain the efficiency levels our customers have come to expect, while also creating the extra capacity needed to support potential future economic growth in our market,” said Brian Harold, managing director for APM Terminals Mobile.
“Container intermodal growth continues to drive investment at the Port of Mobile,” added James K. Lyons, chief executive of the Alabama State Port Authority.
Since 2005, the Port Authority and its partners have invested $535 million in shore-side and channel improvements to support the larger ships calling the Port of Mobile.
“These prior investments have competitively positioned the port and established Mobile as an alternate gateway for U.S. trade. This expansion and our planned harbor deepening and widening program will provide both shippers and carriers with a cost effective, customer service oriented option,” added Lyons.
The U.S. Army Corps of Engineers harbor modernization study is underway with a record of decision expected by year-end 2019.