Port of Oakland: investors show faith in future of global gateway
‘Putting money where their mouth is’ at marine terminals, new developments
Oakland, Calif. – June 26, 2017: A senior Port of Oakland executive says investors are making long-term commitments to his international shipping hub. Maritime Director John Driscoll said last week that the trend bodes well for Oakland’s future in global trade.
“A lot of people believe in the Port,” Mr. Driscoll told a 40-member Efficiency Task Force created two years ago to improve Oakland’s cargo-handling performance. “They’re putting their money where their mouth is and I’m proud that they see Oakland as a major trade gateway.”
Mr. Driscoll said the Port envisions more than $600 million worth of infrastructure investment. It’s coming from private developers, government grants and Port funds, he explained.
Projects ranging from marine terminal improvements to new distribution centers are either on the drawing board or under construction, Mr. Driscoll said. They’re expected to strengthen Oakland’s position as a magnet for containerized imports and exports. “These are game-changers,” Mr. Driscoll said. “They will give us first-class logistics capabilities.”
The Maritime Director gave his audience of trade and transportation officials a progress report on key developments in Oakland. Among the highlights:
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.
Forward Looking Statements
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