Port of Oakland, partners spending $600 million on future growth
Goal is to attract more cargo and move it faster
Tampa, Fla. – Feb. 3, 2017: A Port of Oakland executive outlined a $600 million spending plan here today for growth at his West Coast trade gateway. Maritime Director John Driscoll told a maritime audience that Oakland would increase trade volume by investing in new facilities and better infrastructure. The objective: more containerized cargo.
“We’re building for growth in a shipping industry that is becoming more and more competitive,” Mr. Driscoll said at an American Association of Port Authorities conference. “By investing with partners who share our vision, we can deliver services that will be of great value to the global supply chain.”
Mr. Driscoll said the Port would team with private developers and public agencies to modernize the Port’s infrastructure. He said investment from all three sources would be used to create new logistics capabilities in Oakland. It will also help eliminate bottlenecks that inhibit cargo flow, he said. Among the proposed investments:
Mr. Driscoll said the Port has just completed a $100 million railyard near marine terminals and a proposed logistics complex. The proximity of the new developments should be a drawing card for shippers, he said. It will enable cargo to be quickly shifted between rail, road and ocean transport. That’s critical for time-sensitive international shipments. At most gateways, transferring of cargo – known as transloading – takes place away from the port.
The Maritime Director said construction on Cool Port could begin next month. Terminal expansion is already underway. The truck-rail grade separation still awaits government funding.
About the Port of Oakland
The Port of Oakland oversees the Oakland seaport, Oakland International Airport, and 20 miles of waterfront. Together with its business partners, the Port supports more than 73,000 jobs in the region and nearly 827,000 jobs across the United States. Connect with the Port of Oakland and Oakland International Airport through Facebook, or with the Port on Twitter, YouTube, and at www.portofoakland.com.