Nov
27
State Gives Port of Philadelphia $300M Boost
ByThe three-year investment will focus on the port’s infrastructure, warehousing and equipment.
Port of PhiladelphiaPhiladelphia—A capital investment program at the Port of Philadelphia includes a $300 million modernization project starting next year and ending in 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 are expected to expand cargo capacity and bring a substantial step up in automobile-handling capacity. The program, one of the largest state-sponsored investments on the East Coast, will boost three of the busiest sectors of the port…
