Tuesday, June 23, 2015

POSD Signs Terminal Development Agreement

By Mark Edward Nero

The Port of San Diego says that as part of its efforts to increase cargo business, it has entered into a conditional agreement with Mitsubishi Cement Corp. for potential future operations at Tenth Avenue Marine Terminal.

The conditional agreement, which was approved by the Board of Port Commissioners June 11, allows the port to conduct a project review under the California Environmental Quality Act in anticipation of Mitsubishi Cement’s potential operations at the Tenth Avenue Marine Terminal on San Diego Bay.

The port says the agreement facilitates Mitsubishi Cement’s potential development, lease and operation of a cement transfer and storage facility at the terminal. The conditional agreement envisions contributions by Mitsubishi Cement toward modernizing the terminal.

“The agreement with Mitsubishi Cement Corp. is a key step in the long term redevelopment and modernization of the Tenth Avenue Marine Terminal and helps us build momentum for increasing volume in one of our three core cargo areas: breakbulk, refrigerated containers and bulk,” Maritime Director Joel Valenzuela said. “This partnership supports our efforts to realize the potential of Tenth Avenue.”

Mitsubishi Cement, which was formed in 1988, manufactures all major and specialty cements used in California and Nevada.