Freeport approves Proposition A

Port Freeport's Proposition A, a USD130 million bond package supporting the Freeport Harbor Channel Improvement project, has been approved.

This approval allows the port to deepen the Freeport Harbor Channel from its current depth of 45 ft (13.7 m) to a maximum level of 55 ft (16.7 m) at its deepest point.

According to the port, the project will make it the deepest channel in Texas. The estimated total cost of construction is USD295 million.

More than half of the project is expected to be paid with federal funds, with approximately USD165 million to be provided through the U.S. Army Corps of Engineers.

Construction is expected to begin in 2020 and be completed in approximately five years. In addition to deepening the channel, enhancements will be made to the turning basin and the narrowest section of the channel will be widened.

 

www.portfreeport.com

Heavy Lift | News

Valleyfield secures funding

August 14 - The port of Valleyfield in Canada has received a CAD3.5 million (USD2.67 million) grant from the Québec government to support its marine transportation infrastructure investments.
Views: 377

EU invests in Danube

August 13 - The European Union (EU) plans to invest EUR59 million (USD67.4 million) in modernising the locks on the Danube-Black Sea and Midia Navodari–Porte canals in Romania.
Views: 421

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.