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Released April 21, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this week, Port Houston provided updates on a $1 billion expansion of the Houston Ship Channel, as well as improvements to container terminals that will boost the port's cargo-handling capacity. Industrial Info is tracking related projects.
Port Houston is the local sponsor for the U.S. Army Corps of Engineers (USACE) project, also known as Project 11, which will widen the 52-mile Houston Ship Channel by 170 feet along its Galveston Bay reach, from 530 feet to 700 feet. It also will deepen some upstream segments to 46.5 feet. The Port Commission awarded the first dredging contract in 2021.
The Houston Ship Channel is the busiest waterway in the nation, according to the port authority, which cites the USACE.
The expansion will allow the port to handle Neo-Panamax container ships that carry up to 15,000 20-foot equivalent units (TEUs). The project is targeted for completion in 2025.
"Port Houston recently announced the completion of the first segment of the Houston Ship Channel Expansion," port officials said in a press release. The segment, known as 1A, involves dredging an 11.5-mile stretch in Galveston Bay. The segment is expected to help increase safety, reduce congestion, and improve vessel transit times.
Although the dredging portion is complete, additional work in the area is ongoing and is expected to be completed later this year. Dredging for Segment 1B, an 8.3-mile stretch, is underway, and work in the area is scheduled for completion in 2024.
Industrial Info is tracking a total of eight projects that are tied to the expansion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed project reports.
At a Port Commission meeting last month regarding the progress of Project 11, Ric Campo, chairman of the commission, said he anticipates $180 million in government funding is needed for the project's final leg of construction. In addition, the commission adopted a "resolution expressing Port Houston's intent to finance the remaining portions of its share of Project 11 expenditures with proceeds of tax-exempt, revenue-backed debt obligations," according to a press release.
Campo also said the port plans to "aggressively continue with capital improvements to our facilities to meet future [cargo] demand, with planned investments of $1.8 billion in improvements over the next five years."
Last November, the Port Commission of the Port of Houston Authority approved the port's 2023 capital-spending plan, which includes $579 million for capital improvements and $99 million for the Houston Ship Channel expansion.
The recent announcement also included updates to ongoing efforts at two container terminals. The addition of Wharf 6 at the Bayport Container Terminal is still on track to be completed later this year. The new addition will allow for a 20% increase in berth space that would boost the terminal's cargo-handling capacity. Separately, the terminal is awaiting the arrival of three new ship-to-shore container cranes to improve efficiency. The construction of another wharf, Wharf 7, is expected to kick off later this year. Subscribers can see detailed reports on the Wharf 6 and Wharf 7 projects.
In addition, the Barbours Cut Container Terminal is undergoing "various improvements," and expects to receive seven new rubber-tired gantry cranes in November and another seven in January 2024. Industrial Info is tracking the construction of a 12-acre container storage facility on the west end of the terminal, with completion expected later this year. Click here to see a detailed project report.
Subscribers can click here for a full list of active projects at Port Houston.
Port Houston's eight public terminals and more than 200 private facilities have an economic impact of nearly $802 billion in annual activity, according to the port authority.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Port Houston is the local sponsor for the U.S. Army Corps of Engineers (USACE) project, also known as Project 11, which will widen the 52-mile Houston Ship Channel by 170 feet along its Galveston Bay reach, from 530 feet to 700 feet. It also will deepen some upstream segments to 46.5 feet. The Port Commission awarded the first dredging contract in 2021.
The Houston Ship Channel is the busiest waterway in the nation, according to the port authority, which cites the USACE.
The expansion will allow the port to handle Neo-Panamax container ships that carry up to 15,000 20-foot equivalent units (TEUs). The project is targeted for completion in 2025.
"Port Houston recently announced the completion of the first segment of the Houston Ship Channel Expansion," port officials said in a press release. The segment, known as 1A, involves dredging an 11.5-mile stretch in Galveston Bay. The segment is expected to help increase safety, reduce congestion, and improve vessel transit times.
Although the dredging portion is complete, additional work in the area is ongoing and is expected to be completed later this year. Dredging for Segment 1B, an 8.3-mile stretch, is underway, and work in the area is scheduled for completion in 2024.
Industrial Info is tracking a total of eight projects that are tied to the expansion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed project reports.
At a Port Commission meeting last month regarding the progress of Project 11, Ric Campo, chairman of the commission, said he anticipates $180 million in government funding is needed for the project's final leg of construction. In addition, the commission adopted a "resolution expressing Port Houston's intent to finance the remaining portions of its share of Project 11 expenditures with proceeds of tax-exempt, revenue-backed debt obligations," according to a press release.
Campo also said the port plans to "aggressively continue with capital improvements to our facilities to meet future [cargo] demand, with planned investments of $1.8 billion in improvements over the next five years."
Last November, the Port Commission of the Port of Houston Authority approved the port's 2023 capital-spending plan, which includes $579 million for capital improvements and $99 million for the Houston Ship Channel expansion.
The recent announcement also included updates to ongoing efforts at two container terminals. The addition of Wharf 6 at the Bayport Container Terminal is still on track to be completed later this year. The new addition will allow for a 20% increase in berth space that would boost the terminal's cargo-handling capacity. Separately, the terminal is awaiting the arrival of three new ship-to-shore container cranes to improve efficiency. The construction of another wharf, Wharf 7, is expected to kick off later this year. Subscribers can see detailed reports on the Wharf 6 and Wharf 7 projects.
In addition, the Barbours Cut Container Terminal is undergoing "various improvements," and expects to receive seven new rubber-tired gantry cranes in November and another seven in January 2024. Industrial Info is tracking the construction of a 12-acre container storage facility on the west end of the terminal, with completion expected later this year. Click here to see a detailed project report.
Subscribers can click here for a full list of active projects at Port Houston.
Port Houston's eight public terminals and more than 200 private facilities have an economic impact of nearly $802 billion in annual activity, according to the port authority.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
