Port of Oakland OKs 2020 Budget

Image source: DUTRA San Rafael Rock Quarry

A $513.6 million operating budget for fiscal year 2020 has been approved at the Port of Oakland, California. 

The port’s governing board ok’d the spending plan at a meeting held last week.

The new budget is up about 4 percent from the one adopted for fiscal year 2019. It goes into effect July 1. The budget projects revenue of $398 million at the port in the next fiscal year. That would be up about 1.2 percent from anticipated FY 2019 revenue,” the port said in its latest release.

Operating expenses are likely to increase 10.4 percent from the current budget, the port said. Most of the change is expected to come from increases in personnel costs, maritime maintenance and dredging costs and aviation security costs.

According to their official announcement, the port’s new budget includes $42.3 million in capital expenditures, mostly at the seaport, Oakland International Airport and Jack London Square.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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