Oakland green-lights big budget

Photo: Port of Oakland Photo: Port of Oakland
Industry Database

A new $494.2m budget for the fiscal year 2019 is being implemented this week at the US Port of Oakland following the dock’s Board of Commissioners’ approval last week of a spending plan including $34.7m for capital projects.

The budget, which finances operations at the Californian facility’s three revenue divisions — Maritime, Commercial Real Estate and Aviation — is around $40m less than the port’s spending plan for the fiscal year 2018.

According to the port, the previous year’s budget was higher due to “extraordinary” upgrades to Oakland International Airport, including “a major overhaul” of its International Arrivals Building and rehabilitation of its main runway. The port oversees Oakland Seaport, Oakland International Airport, and nearly 20 miles of waterfront.

The Port of Oakland said it would seek Commissioners’ approval for up to $92m in extra capital financing this year.

LATEST PRESS RELEASES

ShibataFenderTeam supports PIANC Young Professionals

As one of the world's leading fender specialist, we consider it our responsibility to do our part fo... Read more

NEW CRANE ENTERS SERVICE AT WARRENPOINT PORT FOLLOWING £3 MILLION INVESTMENT

Warrenpoint Port has commissioned a new crane and has commenced the refurbishment of two other crane... Read more

Bigger share of modal split envisaged for inland shipping in the Baltic Sea Region

A vision for inland waterway transport (IWT) in the Baltic Sea Region as well as means to strengthen... Read more

QTerminals reaches new container and cargo handling milestones in record time

Over two million containers and five million tonnes of cargo handled Read more

Bendezu Port Equipment delivered two GOTTWALD HMK 6407 B from BELGIUM to SPAIN

Bendezu Port Equipment GmbH, an international trading company offering second-hand port equipment, h... Read more

View all