The Port of Corpus Christi has been given a federal grant of more than $17 million to expand Oil Dock 3 as part of a four-phase redevelopment of the Avery Point Terminal.
Avery Point is one of the port's most productive public oil terminals, currently operating at over 84% capacity. The four ship docks are more than 55 years old and require major rehabilitation and/or reconstruction to safely and efficiently accommodate the modern vessel fleet.
This high utilisation prevents the decommissioning and redevelopment without the creation of new berth capacity nearby to accommodate existing (and growing) demand during the reconstruction.
The $17.6 million grant from the US Department of Transportation – Maritime Administration will double barge berthing capacity at the dock to accommodate 90% of barge traffic currently calling on the other three Avery Point docks. This will create enough surplus capacity at the other three docks to allow phased decommissioning and redevelopment of each without any disruption of operations.
Total project cost is estimated to be $22 million, with $17.6 million coming from the Port Infrastructure Development Grant and the remaining balance coming from the Port of Corpus Christi.
Congressman Michael Cloud says: 'The activity of cargo and barges passing through at the Port of Corpus Christi each day contributed to our region's thriving economy. These funds will improve port infrastructure, providing increased assess for our local businesses and industries to their trade partners.'
Charles Zahn, Jr, Port of Corpus Christi Commission chairman, says: 'We applaud the Administration's foresight in supporting coastal infrastructure investments. As the Port of Corpus Christi continues to crusade for federal funding for this much needed infrastructure, we are thankful that the Administration and our Texas delegation are committed to energy independence, balance of trade and national security.'