The grant will be leveraged nearly 10-to-1 by local, state and private investment to launch the US$438m project.
Restoration of Oakland’s only deep water break-bulk terminal will increase exports and will see the construction of a new rail terminal on 40 acres of port property to enhance ship-to-rail connections and reduce truck traffic and emissions on local roads, along with the construction of new trade and logistics facilities.
“Transformation of the former OAB into a world-class trade and logistics centre with superior rail facilities is one of the port’s top strategic initiatives and critical to our future,” commented Port of Oakland Commission President Pamela Calloway.
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