Showing posts with label LBCT. Show all posts
Showing posts with label LBCT. Show all posts

Thursday, January 24, 2013

POLB Approves Middle Harbor Project Budget


After putting off a vote earlier this month in order to study the overall project, Long Beach’s port commission has passed a budget for the $1.2 billion Middle Harbor terminal renovation.

The approval came on a 4-0 vote during the commission’s Jan. 22 business meeting, with commissioner Rich Dines absent.

It was back during the board’s Jan. 7 meeting that the members agreed to place the vote on hold pending further review of the project by commissioners, stakeholders and the public. A workshop was conducted during the Jan. 22 business meeting, prior to the approval vote.

The Middle Harbor redevelopment plan consists of the combining of two aging shipping terminals, Pier E and Pier F, into one modern terminal for the purpose of improving cargo movement efficiency and reducing environmental hazards. The project upgrades wharves, water access and storage areas, and adds a greatly expanded on-dock rail yard.

Despite the lack of final budget approval until this week, work on the nine-year project began in the spring of 2011.

The project, which is expected to be complete by 2019, already has a tenant lined up. On April 3, 2012, Orient Overseas Container Line signed a 40-year, $4.6 billion lease with the port to operate the 300-acre terminal along with its subsidiary, Long Beach Container Terminal. LBCT has occupied Pier F since 1986.

Tuesday, January 8, 2013

Long Beach Board Postpones Middle Harbor Budget Vote


The Port of Long Beach Board of Harbor Commissioners has temporarily put off voting on the full budget for a $1.2 billion plan to renovate two aging shipping terminals, saying that more time is needed for review.

During its Jan. 7 meeting, the board agreed to place the vote on hold pending further review of the Middle Harbor redevelopment project by commissioners, stakeholders and the public. A workshop has been tentatively set for Jan. 22, with the time still to be determined.

“There will be a study session about the overall project,” Commission President Susan Anderson Wise explained. “Its phases and various contracts will be reviewed in order for the board to have a broader understanding of the entire project before voting on the project budget.”

The Middle Harbor redevelopment plan consists of the combining of two aging shipping terminals, Pier E and Pier F, into one modern terminal for the purpose of improving cargo-movement efficiency and reduction of environmental hazards. According to the port, the project upgrades wharfs, water access and storage area; as well as add a greatly expanded on-dock rail yard.

Despite the lack of final budget approval, work on the nine year project began in the spring of 2011; since then, the port has been upgrading the area’s wharfs, water access and storage area, plus expanding on-dock rail.

On April 3, 2012, Orient Overseas Container Line signed a 40-year, $4.6 billion lease with the port to operate the 300-acre terminal along with its subsidiary, Long Beach Container Terminal. LBCT has occupied Pier F since 1986.