November 29 - Pennsylvania's governor Tom Wolf has announced a comprehensive capital investment programme at the Port of Philadelphia that will result in over USD300 million of investment in the port's infrastructure, warehousing and equipment through to
The initiative, which starts next year, is intended to double container capacity and increase breakbulk cargo handling capability, as well as position the port for future growth, create jobs, improve efficiency and increase tax revenues, said the US gateway.
As part of the programme, USD12 million has been earmarked for the Tioga Marine Terminal, which will be used to improve rail access and acquire a second mobile harbour crane. The proposed investments are expected to prompt a 21 percent growth in breakbulk cargo volumes at the terminal on the Delaware River.
Around USD200 million will be used to upgrade the port's Packer Avenue Marine Terminal with four new cranes, as well as the relocation and construction of warehouses and a deeper berth.
The port's automobile handling facility will also benefit from USD90, which will be used to expand the site, add a second automobile processing site and enhance existing facilities.