NORTH AMERICA

Los Angeles reigns in

18 years ago

Only a month after announcing construction contracts of around $383.7m which would create thousands of jobs in the region, the Port of Los Angeles has decided to pull back current spending by nearly $21m as it juggles its commitments in the face of falling volumes.

Theresa Adams Lopez, community relations director, said: “Because our terminals expect shipments to drop between 20% and 30% in the coming months, the Port of Los Angeles is preparing for potential reduced revenues by taking a hard look at its current budget.” Ms Adams Lopez added that cuts have been made across the board by all divisions, but “we do anticipate major projects to still move forward”.

The largest construction contracts approved this calendar year include a $97.9m wharf improvement (part of the TraPac Container Terminal expansion); a $124.6m contract to build the 700-boat slip Cabrillo Way Marina; a $54.4m contract to construct a 30-acre linear shaped “buffer” of public open space between TraPac and the Wilmington community; a $42.7m contract for marine wharf maintenance and improvements at various berths and a $42.7m contract to build a Port Police headquarters facility in San Pedro.