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Discussion of the Role of Florida’s Seaports — House Subcommittee on Economic Infrastructure, February 20, 2025

Summary

Pages from the Economic Infrastructure Subcommittee meeting packets of February 20, 2025, consisting of seaport presentations. A PortMiami presentation reports 8,233,056 cruise passengers and 1,089,443 TEUs of cargo in FY24, and lists cruise terminals for Norwegian Cruise Line, Royal Caribbean, Carnival Cruise Line, Virgin Voyages and MSC Cruises, the last at $400 million with completion in the first quarter of 2025. It states that the Shore Power Program cost $125 million, with $21.7 million in grants: $19.7 million from the Florida Department of Transportation and $2 million from the U.S. Environmental Protection Agency. It describes a capital improvement program of $2.8 Billion through 2031. The packet closes with a Port Panama City slide on energy-related cargo, including 854,000 tons of wood pellets exported to the United Kingdom.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Cite this document

“Discussion of the Role of Florida’s Seaports — House Subcommittee on Economic Infrastructure, February 20, 2025.” Original at www.flhouse.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-02-20-3286-economic-infrastructure-subcommittee-meeting-packets-f-5de89d66b7/, SHA-256 f172cd3d236285f367371a6df0343edce30c48e6cad03ccc62733140f6653298.

Full text

CRUISE STATS FY24
      8,233,056 CRUISE PASSENGERS




                                    4
ICONIC CRUISE TERMINALS Since 2018                                                            CT B - Norwegian Cruise Line “Pearl of Miami”
                                                                                              $239 million
                                     CT A - Royal Caribbean “The Crown of Miami”              Opened - August 2021
                                     $250 million
                                     Opened - November 2018




                                                                                                             CT F - Carnival Cruise Line
CT V - Virgin Voyages “Palm Grove”                                                                           $144 million
$168 million                                                                                                 Opened - December 2022
Opened - February 2022




                                                       CT AA - MSC Cruises
                                                       $400 million
                                                       Groundbreaking - March 2022
                                                       Completion Date – First Quarter 2025




                                                                                                                                     5
SHORE POWER PROGRAM
                      •   Available at 5 cruise berths, Miami-Dade
                          County’s Shore Power Program is a
                          partnership between PortMiami, its cruise
                          partners and Florida Power & Light Company.

                          ~            arnivat· ♦~~,S    g
                                                      NORWEGIAN
                                                             C RUISE LINE
                                                                             o••t~ •  INTUN~TI ©     V
                                                                                                   VOYAGES




                      •   The Shore Power Program cost $125 million.
                          PortMiami received $21.7 million in grants:
                          $19.7 million from Florida Department of
                          Transportation and $2 million from U.S.
                          Environmental Protection Agency.
                              Solar, Wlld, Bio




                          -J ~                                              ~·-·-
 PORTMIAMI.               -, ~ _~'!:~!~~~=§=e    Gas   :   and Switchgear    System
                                                       • ------ ----- --------------------- -- ----- --~
                                                                                                         :




                                                                                                     6
                                                                                       6
CARGO STATS FY24
          1,089,443 TEUs




                           7
THANKS TO OUR PAST INVESTMENTS




2013 – Super Post-Panamax Cranes   2013 – On-Dock Intermodal Rail   2014 – Direct Access Tunnel   2015 – -50/-52 ft. Shipping Channel


                                                                                                                                   8
                                                                                                                           8
CAPITAL IMPROVEMENT          PROGRAM
          Transformation of PortMiami
                              Shore         1          Shore
                              Power
                                                       Power



                                7
                                                                          6


                                                                              Shore
                                                                              Power
                                                                                      Shore
                                                                                      Power
             $2.8 Billion through 2031
                                                                                              2   Shore
1)      Cruise Terminal G – Royal Caribbean Group, Completion 2027                                Power
2)      Cruise Terminal AA – MSC Cruises, CompletionFirstQuarter2025
3)      Berth 10 – Completion 2027
                                                                                                          3
4)      Electric Rubber Tired Gantry (e-RTG), Infrastructure
        Improvements, Phase II, Completion late 2025
5)      4-8 New Electric Gantry Cranes, Procurement 2025
                                                                                                    4
6)      North Bulkhead, 6-Year Project Commencing 2025
7)      Royal Caribbean Group, Campus Expansion, Completion 2026
                                                                                       5
8)      Inland Port
     Shore    Cruise Terminal AA, Cruise Terminal A, Cruise Terminal B,
     Power    Cruise Terminal F, Cruise Terminal V
                                                                                                                  9
                                                                                                              9
WORKFORCE DEVELOPMENT PROGRAM
  Jobs… Jobs… Jobs…
  Supporting the
  Maritime Industry




                                 10
                            10
Presentation 3
Discussion of the Role of Florida’s Seaports

   House Subcommittee on Economic
            Infrastructure
              February 20, 2025
     •     ftftftftftftftft        ~~

BILLION ~~ $10.2 BILLION
 ANNUAL ECONOMIC IMPACT                          TOTAL PERSONAL INCOME & CONSUMPTION


 THE PORT                                                               IN ANNUAL LOCAL &
 GENERATES          ~B     $1.2 BILLION                                 STATE TAX REVENUE


         192,201                          ··s
                                           ~
                                             •
                                                              $74,350
PORT TAMPA BAY                                                AVERAGE PORT TAMPA BAY
                                   PORT TAMPA BAY.
MARITIME
  February 19, 2025
                    RELATED JOBS    REROUTE YOUR THINKING ®   MARITIME SALARY
                                                              ©2024 Port Tampa Bay. All Rights Reserved
                                                                                                          2
COMPARISON OF TOTAL IMPACTS
ECONOMIC IMPACT, 2015 STUDY                               ECONOMIC IMPACT, 2024 STUDY
 Annual Economic Value                  $17,200,000,000   Annual Economic Value                                    $34,600,000,000
 Total Personal Income & Consumption    $5,100,000,000    Total Personal Income & Consumption                      $10,200,000,000
 Total Jobs                                 85,034        Total Jobs                                                    192,201
 Total Local & State Taxes Paid          $612,200,000     Total Local & State Taxes Paid                            $1,200,000,000
 Average Salary of Direct Jobs             $55,000        Average Salary of Direct Jobs                                 $74,350

              CONTAINERS                 CRUISE                 ENERGY PRODUCTS                             BUILDING MATERIALS




          REFRIGERATED                 AUTOMOBILES                     FERTILIZER                        SHIP BUILDING & REPAIR




     February 19, 2025                                                          ©2024 Port Tampa Bay. All Rights Reserved
                    FLORIDA IS THE FASTEST GROWING STATE
                    IN THE U.S. AND THE I-4 CORRIDOR IS THE
                    FASTEST GROWING REGION OF FLORIDA

                     • Florida Population: 23+ million; 1.43 million Veterans

                     • Forecasted to reach 28M by 2030 and 32M by 2040

                     • According to the US Census Florida ranks #1 in the country
                     for total net migration with 444,484 people moving here 2021
                     -• 2022
                        Surpassed NY as the 3rd Largest State

                     • 15th Largest Economy in the World

                     • Over 1,200 people a day moving to Florida

                     • Tourism: 140 million annual visitors


                    TAMPA BAY/ORLANDO I-4 CORRIDOR
                     • Largest concentration of Distribution Centers in Florida

                     • Over 550 million Square Feet of DC Space



                                                                                       4
February 19, 2025                          ©2024 Port Tampa Bay. All Rights Reserved
ENERGY BULK

  • Central Florida’s Hub for Gasoline, Jet Fuel,
  Ethanol, Lube Oil

  • Partnership between Port Tampa Bay
  Petroleum companies at REK
                                                                                                      •
                                                                                                     St.
                                                                                               PURAGLOBE             A I R

                                                                                                                             •
                                                                                                                             GENERAL




  • Central Florida Pipeline connecting Port
  Tampa Bay to Orlando
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                                                                                                                                                          5
  February 19, 2025                                                                     ©2023 Port Tampa Bay. All Rights Reserved
FERTILIZER & AGRICULTURE BULK




                                                                                                                                                    ....   :,,,._   --" .. -
                                                                                                                                           .,   .                          . ...

     • One of the World’s Leading        • Diverse mix of dry and liquid      • Positive outlook for phosphate            • Ardent Mills – now receiving
        Fertilizer Export Ports            bulk cargoes                          and related input products                 ocean deliveries
                                                                                 (molten & prilled sulfur)
                                         • Rail Service Resuming at TMT                                                   • Forecast for juice shipments
                                                                                                                            remains strong




                                  @                                                                                         SA!CO
                            citrosuco          >
                                          Ardent Mills                         Knowledge grows




                                  GULF SULPHUR            Tampa Juice Service, Inc.              8 LouisDreyfus
                                                                                                                                                                                   6
  February 19, 2025                                                                                   ©2023 Port Tampa Bay. All Rights Reserved
CONSTRUCTION & BUILDING MATERIALS BULK & BREAKBULK




         • Florida’s Largest Steel Port              • Lumber & Forest Products           • Cement                                             • Gypsum

         • Processing & Distribution                 • Rail Service Resuming at TMT       • Aggregates – Granite &                             • Favorable outlook across all
                                                                                            Limestone                                            commodities
         • Manufacturing & Fabrication
             for Export
                                                                                                                                                                             .......
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                                                                                                                                                                         PANGAEA
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PAVING
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                                                                    Uul1:an
                                                                     Materials Company
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                                                                                                                                                                       AMERICA


                                                                                                                                                                                         7
     February 19, 2025                                                                                                     ©2023 Port Tampa Bay. All Rights Reserved
REFRIGERATED ON-DOCK COLD STORAGE

  • On site CBP Ag inspection & fumigation
    services

  • 148 reefer plugs
  • Food grade glycol refrigerant throughout
  • Cross dock container yard connectivity
    w/truck capacity

  • Adjacent berth with dedicated mobile
    harbor crane

  • Uninterrupted cold chain solution
  • Non-union operation
  • 2 Gottwald Mobile harbor cranes

  Services: Costa Rica, Honduras,
  Guatemala, & Mexico




                                                                                           8
  February 19, 2025                            ©2023 Port Tampa Bay. All Rights Reserved
CONTAINERS




  • Huge, expanding Central Florida Market        • Working with our carriers to support new      Priorities:
                                                    services
  • BCO supply chain sales strategy – Executive                                                   • Attracting new container services
    Shippers’ Council                             • Expanding Terminal Capacity
                                                                                                  • Developing exports

                                                                                                  • Attracting new DCs and manufacturers
                                                                 d   ~
                                                               PORTS AMERICA

                                                                                                                                           9
  February 19, 2025                                                                            ©2023 Port Tampa Bay. All Rights Reserved
                    CONTAINER TERMINAL EXPANSION

                    Terminal Operating Efficiencies: High Productivity,
                    Fast turnaround times, truck drivers do 3-4 round trip
                    deliveries/day – NO CONGESTION, NO WAITING

                    • On-dock intermodal capability – 17,000 feet of adjacent rail track
                    • Terminal Expansion Now Underway
                           – Total of five post-panamax cranes
                           – New 6 lane gate system
                           – Increasing paved storage from 67 acres to 97 acres (to be
                              completed 2024)
                            – Berth extension 214 from 3,200 to 4,500 feet (to be
                              completed 2026)
                            – On-dock rail-served trans-load facility planned for 2026
                            – Future deep draft project underway (target 47’) for future
                              Neo Panamax vessels




                                                                                           10
February 19, 2025                        ©2023 Port Tampa Bay. All Rights Reserved
RORO & AUTOMOTIVE

  • New lease agreement with Glovis providing
    shipment, handling, storage and processing
    of automobiles


  • Short sea imports from Mexico due to plant
     expansion, as well as export opportunities




                                                                                              11
  February 19, 2025                               ©2023 Port Tampa Bay. All Rights Reserved
CRUISE

  • Eight homeported vessels in FY24:
  • Two from Carnival
  • Three from Royal Caribbean
  • One each from Norwegian Cruise Line &
    Celebrity Cruises

  • One from Margaritaville at Sea
  • Discussions ongoing with other prospects




        mg
 NORWEGIAN
     CRUISE LINE ®




                                                                                           12
  February 19, 2025                            ©2023 Port Tampa Bay. All Rights Reserved
EXECUTIVE SHIPPERS’ COUNCIL LOCAL TAMPA MARKET
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                                                                                                                GoodnttJ Grown Noruralty •
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                                                                                                                                                                             food stores
                                                                                                                                                                                                  '1CITRUSWORLD,INC.



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                                                                                                           'TRADER JOE'S
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                                       @   ARAUCO.        Tampa Juice Service, Inc.
                                                                                                           13 LouisDreyfus                                   mARI QAmACH
                                                                                                                                                                                    FOODS


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                                                                                                                                                                                                                         13
    February 19, 2025                                                                                                                                    ©2024 Port Tampa Bay. All Rights Reserved
;
    =   PORT
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        REROUTE YOUR THINKING®




    THANK YOU!
Presentation 4
       Commercial
       Highlights
\'   JACKSONVILLE PORT AUTHORITY
CARGO BUSINESS
                                       FLORIDA’S LARGEST CONTAINER PORT
               Breakbulk                  1.3M CONTAINERS (TEUS)
        Cruise    8%                      25% INCREASE SINCE 2017
         10%
                                       NO. 10 LARGEST U.S. CONTAINER PORT
Bulk                          Container NO. 1 U.S. PORT FOR TRADE WITH
6%                              45% PUERTO RICO
                                       TOP U.S. VEHICLE HANDLING PORT
                                       STRATEGIC MILITARY SEAPORT
Other
 9%
                                       FY 2025 Goal:         1,451,553 TEUs
        Auto
                                       FY 2024 Projection:   1,363,713 TEUs
        22%
                                                             (94% of 2025 goal)
               REVENUE FY23
               '     • •
                         -
 CREATING JOBS
AND OPPORTUNITY
        30K
 Northeast Florida Jobs
       228K
 State of Florida Jobs
       $44B
 Total Economic Impact
JAXPORT BIRDSEYE VIEW
                            JAXPORT
                        CRUISE TERMINAL




                                          4
GLOBAL CONNECTIONS




                     5
               CARGO BUSINESS
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                                      !l!!.1 11111111111111111111111 •




                                                                         TOP CARGOES
                                                                         1. FURNITURE
                                                                         2. GROCERY PRODUCTS
                                                                         3. CHEMICALS
                                                                         4. PLUMBING SUPPLIES
                                                                         5. FOOD
                                                                         6. PAPER
                                                                         7. INDUSTRIAL SUPPLIES
                                                                         8. AUTO SUPPLIES
                                                                         9. PLASTICS
                                                                         10. MISCELLANEOUS


                   Source: PIERS by S&P Global, TEUs, JAXPORT Terminals, FY24                     6
CRANES




JAXPORT MAINTAINS A FLEET OF 22 CRANES
BY SKILLED WORKFORCE OF MECHANICS,
ELECTRICIANS, TECHNICIANS, AND
FABRICATORS.

$53 MILLION IN STATE APPROPRIATIONS TO
PURCHASE THREE NEW LIEBHERR CRANES
GROWING CONTAINER
CAPACITY

Harbor Deepening $420M
Berth Upgrades $100M
SSA Terminal Improvements
$118M In Private Capital


                            r~
                             SSAJacksonville
                             Container Terminal
AUTO BRANDS
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                   CHEVROLET
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                                           A.A.IWI
                                                     HONDA



                                                                           MITSUBISHI
                                                                            MOTORS




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HIGH           AND       HEAVY
 C AM General®    DAIMLER J.,. FUSO       KOBELCO CATERPILLAR® Is u z u

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SOUTHEAST TOYOTA
P U B L I C - P R I VAT E PA RT N E R S H I P




                 Architectural rendering of SET New Auto Processing Facility at BIMT
ENHANCING AUTO CAPABILITIES
BERTH UPGRADES
Issued Award for Construction of Berth 20 Expansion

Completed Construction to Modify Berth 22 (adding Breasting and Mooring Dolphins)




              BERTH 20                                        BERTH 22
U.S. MILITARY SHIPMENTS
  Only port in Florida handling military cargoes
  JAXPORT = One of 17 U.S. ports of strategic significance due
  to military and humanitarian aid capabilities.
  Frequent shipments of military equipment to support U.S.
  troops and operations overseas
BREAKBULK & PAPER PRODUCTS LEADER


1 MILLION SQ FT. OF TERMINAL WAREHOUSING
    PLYWOOD, PAPER BOARD, CELLULOSE AND FLUFF PULP,
    BAMBOO, COATED PAPER

OVER 800,000 TONS PER YEAR

NEW, LONG-TERM CONTRACT WITH ENSTRUCTURE
   BUILDING ~200,000 SQ FT OF BREAKBULK WAREHOUSING
SUPPLYING AGGREGATE



41 ACRES DEDICATED TO AGGREGATE/DRY BULK
   ~1.9 MILLION TONS OF BULK MATERIALS (FY24)

$2.6 MILLION GRANT FROM FDOT THROUGH THE
CONSTRUCTION AGGREGATES GRANT PROGRAM (FY2024)
   DEVELOPMENT OF NEW AGGREGATE FACILITY
   AND INCREASED RAIL CAPACITY
GLOBAL LEADER IN MARINE LNG
Presentation 5
      PORT
      PANAMA CITY
~,~   F L O R I D A   U S A




                                          -- --




                              Local Port | G lo b a l Re a c h
         PORT PANAMA CITY’S
          ECONOMIC IMPACT
                            =                               $1.6
                                                            BILLION

                                 11,000 Jobs
                                       • Direct
                                       • Indirect
                                       • Induced




           State & Local                            Personal Income
           Taxes:                                   & Consumption:
           $58.2 Million                            $634.5 Million



*2024 MARTIN & ASSOCIATES ECONOMIC IMPACT STUDY
        OUR TERMINALS

   6                                260,000
       Deep - Water Berths
                                    SQUARE On - D ock     25 0  W it h 0 1 Hub for


    sQ,,oo,o
    SQUAR!;   Mult1:Bulk
                                      FOOT W a re house

                                    920FOOT
                                                                Globa l Logistics
                                                          ACRES and Fulfi llment
                                                                Carriers

      FOOT    Terminal
                                      Bulkhead            1   Ful l-Serv ice Bulk Rail

   1   Ful l-Service  .
       Container T ermma I
                                                              Transfer Facility

                                    27    For Future

    70,,0 00 _
                                          Port
                                    ACRES Development      79
                                                          ACRES
                                                                     Shovel-lRead y
                                                                     Sites Zoned for
                                                                     Indust ria l
   SQUARE     On -Port Co~tain er
     FOOT     Frei ght Stati on                                      Deve lopment




Port Panama City is an operating Port offering two
deep - water marine terminals and an Intermodal
Distribution Center. The Port also supports two
on - port heavy manufacturing tenants.
Two, On-Port Manufacturing Tenants
East Terminal Warehouse Phase Two

                                                                                                                   EAST TERMINAL PHASE TWO
Start Date: Fiscal Year 2024/2025
Description: The East Terminal Warehouse Phase Two consists of the design and construction of a 200,000


                                                                                                                          EXPANSION
square foot high stack, open span warehouse on an elevated, developed, and paved site that previously
served as open storage. The new warehouse will incorporate resilient design elements and provide the
needed capacity for timber, paper, KLB, and pulp, providing opportunities for breakbulk cargo growth.
Funded with federal PIDP grant dollars, FDOT District 3 funds, and local Port funds, the project looks to create
approximately 337 jobs throughout the region and over 200,000 tons of annual cargo capacity.
                                                                                                                   • The Phase Two Warehouse project will involve the
Warehouse Phase Two          200,000SF
Truck Bays                   Eight Auto-leveling
                                                                                                                    construction of a new 200,000            - square - foot facility at Port

Rail Docks
                             Covered loading dock                                                                   Panama City. This expansion will enhance the port's
                             and storage tracks
Total Project Cost           $28,718,075
                                                                                                                    cargo capacity by an additional 200,000 tons annually
Federal PIDP                 $11,250,000                                                                            and is projected to generate 337 direct, indirect, and
Local Port                   $5,468,075
                                                                                                                    induced employment opportunities for the surrounding
State GMR                    $12,000,000
                                                                                                                    region.

East Terminal Bulkhead Extension
Start Date: Fiscal Year 2024/2025                                                                                  • The East Terminal Bulkhead Extension will enhance the
Description: This project will extend the current 920 LF bulkhead by approximately 600 LF and two 15-foot
mooring dolphins located at the opposite ends of the bulkhead. When completed, this project will allow              Port's berthing capacity, enabling it to accommodate two
the Port to have 1,520 LF of continuous berthing capabilities. This extension will support additional terminal
expansion, including a second on-Port warehouse and 27 acres of cargo handling development.                         ships concurrently. This development supports the newly
                                                                                                                    established warehouse facilities and the additional 27                      -
ET Bulkhead Extension                       600LF
Total Project Cost                   $21,750,000                                                                    acres designated for future expansion at the East
State FSTED Grant                      $16,250,000                                                                  Terminal.
Local Port Total                        $5,500,000


                                                                                                                   • The Port’s ability to effectively handle long           - term cargo
                                                                                                                    growth and modern capacity is dependent upon the East
                                                                                                                    Terminal Expansion.
    EAST TERMINAL TURNING BASIN & ACCESS CHANNEL

East Terminal Turning Basin and Access Channel Improvements
Start Date Fiscal Year 2023/2024
Description: The Phase II East Terminal development
project includes a USACE Study for the expansion of the
turning basin in conjunction with the planned 600 LF berth
extension. The expanded turning basin will provide deep-
draft access for two 700 LF vessels mooring simultaneously.

Berth and Channel Deepening            USACEStudy
Total Project Cost   - - - - - - -
                                        $9,000,000    - -



State FSTED Grant                        $3,000,000
Local Port Total                         $6,000,000
West Terminal Container Terminal Expansion Cargo Handling Improvements
Start Date Fiscal Year 2023/2024                                                                                   WEST TERMINAL CONTAINER
Description: Expanding terminal capacity to hand le containerized cargoes is a lynch pin projectforthe current
planning period. The Port Authority expanded container hand ling capabilities by adding new mobile harbor            TERMINAL EXPANSION
cranes, reachstackers, refrigerated container ra cks, expanded container yard handling areas, and a modern
on-port container freight station in the previous Master Planning period.

A phased approach to further expansion will ensure the Port is capable of handling the projected, long -term      • The West Terminal Container Terminal
growth in the regional container trades.

The initial phase during the cu rrent five-yea r planning period includes removal of the molasses tank and
                                                                                                                    Expansion is a lynchpin project for the
realignment of the south end rail switching tracks to convert the area to handle containers. This will add          Port.
approximately 384 TEUs of stacking capacity, and connect the northbound container storage yards to the
South berth 2 dock operations. The Port will expand inspection and fumigation capabilities to support
perishable cargo including refrigerated and frozen commodities.
                                                                                                                  • The initial phase will optimize and
                                                                                                                    realign the current container terminal
The second phase of the container terminal expansion includes reducing the footprint of West 2 Warehouse
and adding additiona l refrigerated reefer racks. This phase will add 544 TEUs of stacking capacity, including
96 TEUs of refrigerated reefer stacking capacity.                                                                   to add approximately 384 TEUs of
                                                                 The Port has allocated an additional $4.8
                                                                 mi llion over the next five years for projects
                                                                                                                    stacking capacity and expand
                                                                 at the West Terminal. These projects include       inspection and fumigation capabilities
                                                                 cap and apron refurbishment and cathodic
                                                                 protection to extend the life of structural        to support perishable cargo.
                                                                 seawalls,    support     rail  improvements,
                                                                 and annual security and technology
                                                                 improvements.                                    • The second phase will reduce the
                                                                 Total Project Cost            $8,376,000           footprint of West 2 Warehouse to
                                                                 State Grant FSTED              $3,888,000          provide 544 TEUs of stacking capacity
                                                                  Local Port Total              $4,488,000
                                                                                                                    with 96 TEUs of refrigerated stacking
                                                                 Phase II - Five to            $5,000,000
                                                                 Ten-Year Plan                                      capacity.
 I
       FIVE AND TEN YEAR PLAN
I
II

      G RO W TH
     • Ad d c o n t a in e r h a n d lin g c a p a c it y a n d o n - p o rt in fra s t ru c t u re t o
      s u p p o rt g ro w t h in t h e h ig h - fre q u e n c y , n e a rs h o re s h ip p in g
      b e t w e e n Me xic o a n d Pa n a m a C it y , Flo rid a .


     • C o n t in u e t e rm in a l d e v e lo p m e n t a n d la n d s id e a c c e s s
      im p ro v e m e n t s t o t h e Ea s t Te rm in a l t o s u p p o rt lo n g - t e rm c a p a c it y
      g ro w t h fo r m o v e m e n t o f c rit ic a l c o m m o d it ie s in c lu d in g fo re s t
      p ro d u c t s , c o p p e r, a g g re g a t e s , s t e e l, a n d c o n t a in e rize d c a rg o e s .


     • In it ia t e a h a rb o r a n d n a v ig a t io n a l s t u d y t o in c lu d e im p ro v e m e n t s
      t o t h e n a v ig a t io n c h a n n e ls , t u rn in g b a s in , a n d re h a b ilit a t io n t o
      b u lkh e a d s a t t h e We s t Te rm in a l.


       INVESTMENT
     • 1 t o 5 Ye a r To t a l: $ 8 7,79 3 ,4 0 8
     • 5 t o 10 Ye a r To t a l: $ 8 3 ,0 0 0 ,0 0 0
     Powering Energy Trade Through
I
 I
             Port Panama City
      1.25 Million Tons of Cargo
II




      Handled Support the Energy
      Sector

      FY ‘24: 63% of 2M Tons of Cargo
      Were Energy & Power
      Generation Related
      •331,000 tons of import copper used for
      electric wires
      •854,000 tons of wood pellets exported to
      the United Kingdom for power generation
      •117,000 tons of Steel Plate and Umbilicals
      manufactured to be utilized for oil and
      gas industries
      PORT
      PANAMA CITY
~,~   F L O R I D A   U S A




                                          -- --




                              Local Port | G lo b a l Re a c h


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