Recognising the project’s significance to the Port, which is located on the western Gulf of Mexico, Mike Carrell, chairman of the Port Commission, said, “Signing the resolution shows the Commission’s commitment towards the realisation of the most important diversification project for the port”.
At an estimated cost of US$74.6m, the 2.25 km (1.4 mile) extension is seen as a critical part of the La Quinta Trade Gateway project. The Port’s estimated share is expected to be US$14.9mn and the federal share is expected to be US$59.7m.
Once complete, the extension will have a width of 121 metres (400 feet) and a depth of approximately 12 m (40 feet) and a ship turning basin.
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