Monday, June 10, 2013

Port of LA adopts FY 2013-14 budget, includes rail-related improvements

The Los Angeles Harbor Commission has adopted a 2013-14 FY budget of approximately $1.1 billion for the Port of Los Angeles, supporting more than 8,500 jobs, and includes $111.2 million for rail-related projects.

"Developing and maintaining a world-class infrastructure is, and continues to be, the overarching strategic priority for the Port of Los Angeles," said Harbor Commission President Cindy Miscikowski. "Capital improvements and improved efficiency are essential if we're to maximize cargo flow as well as maintain our position as the nation's no. 1 container port."

The capital spending budget earmarks more than $380 million for container terminal and transportation upgrades, including almost $78 million related for construction at the Berth 200 rail yard, a pivotal piece of the port's overall goods movement plan to facilitate more fuel-efficient, faster and safer rail operations throughout the port complex and $33.2 million for the South Wilmington Grade Separation project, which will provide unimpeded grade-separated vehicle access to businesses throughout the Wilmington Waterfront while allowing public safety vehicles unobstructed access to the area.

"Adoption of this budget allows the Port of Los Angeles to remain competitive, financially strong and self-sustaining, especially as we face increasing and intense competition from ports around the globe," said Port Executive Director Geraldine Knatz.

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