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.
Go deeper with GlobalData
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.
See Also:
“By investing with partners who share our vision, we can deliver services that will be of great value to the global supply chain.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataDriscoll 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.
