{"id":1004160156,"date":"2016-11-25T08:22:33","date_gmt":"2016-11-25T16:22:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004160156"},"modified":"2022-12-08T03:34:38","modified_gmt":"2022-12-08T11:34:38","slug":"state-gives-port-of-philadelphia-300m-boost","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/state-gives-port-of-philadelphia-300m-boost\/","title":{"rendered":"State Gives Port of Philadelphia $300M Boost"},"content":{"rendered":"

By Laura Calugar<\/p>\n

\"Port<\/a>

Port of Philadelphia<\/p><\/div>\n

Philadelphia<\/strong>\u2014Starting in 2017, a\u00a0capital investment program at the Port of Philadelphia will include a\u00a0$300 million modernization project that is planned for completion\u00a0in 2020. The financing will be used to improve infrastructure, warehousing and equipment, double container capacity, create thousands of jobs, improve efficiency and increase tax revenues. Upgrades\u00a0are expected to expand cargo capacity and bring a substantial step up in automobile-handling capacity. The program, one of\u00a0the largest state-sponsored investments on the East Coast, will boost three of the busiest sectors of the port.<\/p>\n

Roughly $200 million will be spent on the Port of Philadelphia\u2019s largest maritime facility \u2014 the 112-acre Packer Avenue Marine Terminal, which handles containers, steel products, frozen meat, fruit, heavy lift projects and paper. Improvements here will include four new electric post-Panamax container cranes, the relocation of warehouses to ease container growth, the construction of new ones and creating a 45-foot depth at the terminal’s marginal berths to match the new 45-foot depth of Delaware River\u2019s main channel. The electric system\u00a0throughout the facility\u00a0will also be updated to support electrification of existing diesel cranes and cold ironing capabilities. Astro Holdings Inc., a Packer Marine Terminal tenant, is planning to purchase one of the Post Panamax container cranes, as well as dedicate significant privately-owned port acreage for container growth. Changes at the terminal will occur at about the same time the Delaware Main Channel deepening project will be completed.<\/p>\n

\"Port<\/a>

Port of Philadelphia<\/p><\/div>\n

Currently, the port\u2019s automobile import\/export facility processes 150,000 cars and employs more than 300 workers. This development will benefit from a $90 million investment, including\u00a0the addition of 155 paved and fenced acres above the flood plain at the port\u2019s Southport site, the conversion of the former seaplane hangar at Southport into a second auto-processing site, enhancements at the main auto-processing site at Pier 98 Annex and the establishment of a framework that provides flexibility for use of the land the port needs for containers and automobiles, as determined by market demands.<\/p>\n

The third part\u00a0of the investment program is the $12 million upgrade of the 116-acre Tioga Marine Terminal,\u00a0home to Philadelphia\u2019s Chilean fruit business, where containers, breakbulk cargo and steel is also handled. The funds will be used to improve the main on-dock warehouse, convert a second one into a food-grade warehouse, enhance rail access and purchase\u00a0a second mobile harbor crane to\u00a0add more capacity.<\/p>\n

Officials of the Philadelphia Regional Port Authority anticipate an aggressive shovels in the ground schedule beginning early next year. Jobs are expected to increase by 70 percent over the next three years, reaching a total of 5,378.<\/p>\n

Images courtesy of governor.pa.gov and via Port of Philadelphia Twitter page<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The three-year plan marks one of the largest state-sponsored investments on the East Coast and will boost three of the port’s busiest sectors.<\/p>\n","protected":false},"author":238,"featured_media":1004160157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,10,1494,21786],"tags":[],"class_list":["post-1004160156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-northeast","category-philadelphia","category-sustainability"],"acf":[],"yoast_head":"\nState Gives Port of Philadelphia $300M Boost - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/state-gives-port-of-philadelphia-300m-boost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State Gives Port of Philadelphia $300M Boost\" \/>\n<meta property=\"og:description\" content=\"The three-year plan marks one of the largest state-sponsored investments on the East Coast and will boost three of the port's busiest sectors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/state-gives-port-of-philadelphia-300m-boost\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-25T16:22:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T11:34:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/port-of-philadelphia1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"847\" \/>\n\t<meta property=\"og:image:height\" content=\"635\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-gives-port-of-philadelphia-300m-boost\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-gives-port-of-philadelphia-300m-boost\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"State Gives Port of Philadelphia $300M Boost\",\"datePublished\":\"2016-11-25T16:22:33+00:00\",\"dateModified\":\"2022-12-08T11:34:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-gives-port-of-philadelphia-300m-boost\\\/\"},\"wordCount\":470,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-gives-port-of-philadelphia-300m-boost\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/11\\\/port-of-philadelphia1.jpg\",\"articleSection\":[\"Industrial\",\"Investment\",\"News\",\"Northeast\",\"Philadelphia\",\"Sustainability\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-gives-port-of-philadelphia-300m-boost\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-gives-port-of-philadelphia-300m-boost\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/state-gives-port-of-philadelphia-300m-boost\\\/\",\"name\":\"State Gives Port of Philadelphia $300M Boost - 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