Port of Oakland unveils $600m development plan to increase cargo volume
The Port of Oakland in the US has revealed a $600m plan to develop new facilities and infrastructure, in order to boost its West Coast trade gateway.
The proposal is also expected to enable the port to handle more containerised cargo.
Of the total investment, $244m in government funding will be used to separate railroad tracks from major roadways at the port, while a refrigerated warehouse will be built with a $90m private investment to increase chilled beef and pork exports.
In addition, the port’s second-largest marine terminal will be expanded using a $50m investment, which will be funded by private entities.
Port of Oakland maritime director John Driscoll said: “We’re building for growth in a shipping industry that is becoming more and more competitive.
“By investing with partners who share our vision, we can deliver services that will be of great value to the global supply chain.”
Driscoll also noted that the construction of a $100m railyard, near marine terminals, and a logistics complex have recently been completed at the port, to allow quick transportation of cargo between rail, road and sea.