With the expansion of the Bayport Container Terminal in the Port of Houston, the region\u2019s industrial construction activity spiked in the past year to record levels. Now, the Port Commission of The Port of Houston Authority (PHA) has approved the addition of a new wharf at a cost of up to $74 million. Last week, the commission authorized advertising and receipt of competitive sealed proposals for Bayport Terminal Complex Phase 1 Wharf for up to $74 million. Plans and specifications for the construction of about 1,330 feet of additional wharf, including associated dredging and material disposal on site, have been prepared. Within the past year, Houston\u2019s industrial construction activity has grown to record levels driven mainly by the Port of Houston\u2019s recent expansion by way of the Bayport Container Terminal (pictured), which will increase capacity to 2.3 million TEUs, an increase of over 200 percent, and allow Houston to market itself as a better alternative for shipping, according to the a fourth quarter report by Grubb & Ellis Research. PHA achieved its eighth consecutive year of record-breaking revenue in 2007. The Port of Houston ranks first in the U.S. in foreign tonnage; second in overall tonnage and is the 10th largest port in world. It is the second largest petrochemical complex in world. The Bayport Container Terminal opened its first phase in February 2007 and has a 15-year buildout plan for seven container berths, a 378-acre container yard and 2.3 million TEU capacity design. The Bayport Cruise Terminal will open its first cruise berth this spring with three cruise berths slated at buildout. There will be 40 acres of co-development and a $700 million economic impact. The Houston market is well positioned to attract more traffic directed away from West Coast ports through the Panama Canal, according to the Grubb & Ellis report. \u201cThe Port of Houston is already handling a vast amount of the East Asia – US Gulf Coast container trade and that container traffic is increasing every year. The timing couldn’t be better to get the new wharf built for those additional berths. We need them now,\u201d a spokesperson for the Bay Area Houston Economic Partnership told CPN.<\/p>\n","protected":false},"excerpt":{"rendered":"
With the expansion of the Bayport Container Terminal in the Port of Houston, the region\u2019s industrial construction activity spiked in the past year to record levels. Now, the Port Commission of The Port of Houston Authority (PHA) has approved the addition of a new wharf at a cost of up to $74 million. Last week,…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1003705014","post","type-post","status-publish","format-standard","hentry","category-regions"],"acf":[],"yoast_head":"\n