Long Beach City Council has unanimously approved an US$858m budget for the Port of Long Beach for the coming fiscal year, two-thirds of which will be set aside for capital building and modernisation projects.
Starting at the beginning of the year, the budget includes US$579m, part of a decade-long US$4bn investment in port upgrades and efficiency improvements. The ongoing Desmond Bridge replacement project and Middle Harbour terminal redevelopment will continue to be the port’s largest construction projects.
The ambitious spending plan reflects the Port Authority’s commitment to boost competitiveness in the long term, by updating or replacing older facilities and infrastructure.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.