Port of Los Angeles assigns $367 million for infrastructural investment
The Port of Los Angeles has earmarked $367 million in capital spending for infrastructural projects keeping the focus on investment projects despite coronavirus uncertainties.
The investments will help alleviate the economic impact of the coronavirus pandemic on the local communities and provide a boost for construction jobs at the port, the port authority said.
“While our nation battles this global pandemic and the economic headwinds of these challenging times, there is a strong desire among many of us to look toward the future,” said Port of Los Angeles Executive Director Gene Seroka.
“That future focus is a constant here at the Port of Los Angeles. It has to be.”
Seroka outlined key construction projects moving forward, including enhancements to the Everport Terminal, several marine oil terminals and on-dock rail capability. The port’s current active projects are expected to generate an estimated 3,011 construction jobs.
Seroka also said the port is working with supply chain stakeholders on increasing exports out of the United States via Los Angeles and planning for increased trade with Vietnam and other Southeast Asian countries.
The Port of Los Angeles remains open with all terminals operational during the COVID-19 pandemic and serves as the temporary homeport of the Naval hospital ship USNS Mercy.