Governor Wolf Announces Investment in Infrastructure and Job Creation at Port of Philadelphia (Round-Up)
By: Eryn Spangler, Press Assistant
November 28, 2016
Last week, Governor Wolf announced a Capital Investment Program for the Port of Philadelphia that will invest $300 million in the Port’s infrastructure and equipment. The program will create thousands of jobs, improve efficiency, and increase tax revenue.
“This capital investment program will give the Port of Philadelphia the tools it needs to improve its competitive position and create thousands of family-sustaining, middle class jobs while increasing state revenues,” said Governor Wolf. “With its major economic impacts throughout the state, my administration understands the value of Pennsylvania’s port asset in Philadelphia.”
The initiative, which ranks among the largest investments by a state on the East Coast, will begin next year and continue through 2020.
Take a look at the coverage below.
Philly.com: Gov. Wolf pledges $300 million to revitalize the Philadelphia port, add cranes and warehouses for cargoes and autos
Gov. Wolf announced Tuesday a $300 million capital investment to existing terminals and operations at the Philadelphia port aimed at doubling container cargo capacity and creating about 2,000 more direct port jobs. The Philadelphia Regional Port Authority, a state agency, approved the plan to add $200 million in improvements at Packer Avenue Marine Terminal in South Philadelphia, including four new electric “post-Panamax” container cranes. Another $12 million will be invested at Tioga Marine Terminal in Port Richmond, and $90 million to expand automobile processing currently at Oregon Avenue and Columbus Boulevard. About 150,000 new Hyundai and Kia autos arrive annually at Packer Avenue, headed for dealer showrooms.
Journal of Commerce: State earmarks $300 million for Philadelphia port improvements
The capital improvement plan replaces plans envisioned in a request for proposals for long-delayed Southport project, which for several years has been targeted for development on a site adjacent to the Packer Avenue container terminal. Earlier this year, the port identified finalists among potential bidders to develop Southport for various cargo activities. “This plan is in lieu of the RFP, and will build container capacity at other terminals and add automobile capacity,” said Mark Nicastre, a spokesman for Gov. Tom Wolf’s office.
American Journal of Transportation: Port of Philadelphia to double container capacity, create jobs
The program, ranking among the largest investments by a state on the East Coast, will boost three of the busiest sectors of the Port of Philadelphia, including the Packer Avenue Marine Terminal, the Port’s automobile-handling operation, and the Tioga Marine Terminal. “I thank Governor Wolf for this significant investment, and I look forward to working with him and the PRPA to see that this financial support leads to thousands of family sustaining jobs for Philadelphians,” said Philadelphia Mayor James F. Kenney. “This is a tremendous opportunity for our city.”
Philly Voice: Port of Philadelphia doubling capacity with $300 million capital investment
Target areas for investment include the Packer Avenue Marine Terminal, the Port’s automobile-handling operation and the Tioga Marine Terminal. About $200 million will go to the Packer Avenue Marine Terminal, which will receive four new electric post-Panamax container cranes and a deeper 45-foot depth at the terminal’s marginal berths. A relocated warehouse will also create space for container growth and construction.
Commercial Property Executive: State Gives Port of Philadelphia $300M Boost
A capital investment program at the Port of Philadelphia includes a $300 million modernization project starting next year and ending in 2020. The financing will be used to improve infrastructure, warehousing and equipment, double container capacity, create thousands of jobs, improve efficiency and increase tax revenues. Upgrades are expected to expand cargo capacity and bring a substantial step up in automobile-handling capacity. The program, one of the largest state-sponsored investments on the East Coast, will boost three of the busiest sectors of the port.
The Maritime Executive: Port of Philadelphia to Double Container Capacity
Last week, Governor Tom Wolf announced a comprehensive capital investment program at the Port of Philadelphia that will result in more than $300 million in investment in the Port’s infrastructure, warehousing and equipment. The initiative will start next year and continue through 2020.
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