The Port of Redwood City, California, announced last week that Fiscal Year 2017-18 was its best year in history, generating $8.6 million in revenue and over 2.3 million metric tons of cargo moving across the port docks, a 49% percent increase in cargo over the prior year.
Commenting the latest release, Lorianna Kastrop, Port Commission chair, said: “It is an exciting time at the Port of Redwood City with our strong cargo and revenue results providing a solid foundation for continued growth in maritime trade.”
“We take great pride in serving Silicon Valley through economic development activities. Maritime trade allows us to support the local Redwood City community through an annual payment (or subvention) to support city services and activate recreational waterfront uses.”
Several other major initiatives are underway to support port operations and provide the potential to ease regional traffic congestion.
The City of Redwood City and the port are working with the Water Emergency Transportation Authority (WETA), and the San Mateo County Transportation Authority (SMCTA) to assess the feasibility of ferry service between Redwood City and San Francisco and the East Bay.
Recently, the city and the port issued a Request for Proposals (RFP) to conduct a ferry feasibility study and cost benefit analysis. Port and city officials anticipate selecting a consultant to conduct the feasibility study later this fall.
Also later this fall, the port is undergoing a dredging project to maintain and improve the width, depth and length of ship berths. This infrastructure investment will allow the port to better support existing customers and grow operations serving larger cargo vessels in the future.