The Port of Redwood City has just announced the allocation of $7.95 million from the United States Army Corps of Engineers Fiscal Year (FY) 2019 Work Plan.
As reported, this appropriation advances a critical federal dredging project in 2019, supporting the port operations, ensuring continued ship access to the port and furthering economic activity to the Silicon Valley region.
“The funding of the channel dredging and federal investment into our region is great news for the Port of Redwood City, providing certainty that the Port continues to secure and expand maritime activities in the future,” said Lorianna Kastrop, Port Commission chair.
The Port of Redwood City is the only deep-water port in the South San Francisco Bay, with a channel depth of 30 feet mean lower low water (MLLW), offering three deep-water berths and five wharves to support international foreign trade and maritime activities of the Silicon Valley region and west coast of the United States.
Dredging throughout the port’s waterways and the San Francisco Bay Channel maintains and improves the width, depth and length to berth large vessels.
The port recently announced their 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. The last record-breaking year was in 2005, which generated 1.9 million metric tons of cargo. The port anticipates continued growth in revenue and cargo activities in 2019.