Delaware River Channel Deepening Project Near Completion
- Business & Finance
As the port’s $392 million Main Channel Deepening Project approaches 100% completion, cargo volumes in The Port of Philadelphia are surging.
In 2017, container cargoes grew by 19%, leading all ports on the U.S. Atlantic seaboard. The growth is especially significant since the port is busy implementing its $300 million capital improvement plan.
“We have a lot of exciting developments all occurring at the same time, record cargo growth, preparation for the deepened channel and the arrival of our new cranes,” said Jeff Theobald PhilaPort CEO and Executive Director.
Next month the first two of a total of four super post-Panamax cranes are due at the port’s Packer Avenue Marine Terminal (PAMT).
“Our investment in this vital infrastructure asset continues to yield significant economic returns across the Commonwealth,” said Governor Tom Wolf. “The near completion of the channel deepening project combined with record-breaking activity at PhilaPort means more jobs and an economic advantage allowing Pennsylvania to compete globally.”
The long-anticipated completion of the Delaware River Main Channel Deepening Project from 40’ to 45’ is drawing to a close. In March, the port expects announcements on a phased approach which will allow vessels to utilize increased arrival and departure draft depth.