TraPac, LLC plans to lease an additional 57 acres and two vessel berths on the Port of Oakland’s Outer Harbour, nearly doubling its marine terminal size.
The proposed 14-year lease agreement, which TraPac disclosed at a meeting of Oakland’s board of port commissioners, becomes final if the board approves it at a meeting on October 27.
Port maritime director John Driscoll stated: “This is a significant step forward for TraPac. TraPac gets room to expand its thriving business and the port gets to revitalise valuable property with a highly respected tenant.”
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