Long Beach US$1bn budget approved

The port’s aggressive modernisation plan, with projects such as the Middle Harbour terminal and Gerald Desmond Bridge replacement, pushed the overall budget up by 6.6% compared to the current fiscal year.  It reflects the commitment to boost the port’s competitiveness by rebuilding and replacing outdated facilities and infrastructure.

The budget also projects operating revenue of US$375m, the highest ever, and sets aside US$73m for environmental programmes to improve air and water quality, as well as to protect wildlife habitat.

Al Moro, the Port of Long Beach’s acting executive director, said the budget incorporates a combination of prudent fiscal planning and “green growth” that increases cargo flows with environmental sustainability.