Seaports Magazine - Spring 2018 - 14

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FEDE -TERM INFR
LONG OPMENT
"Just as the AAPA
DEVEL
By Sarah

B. Hood

L

ast January 10, Port of Cleveland
President and CEO William
Friedman spoke on behalf of
AAPA before the U.S. Senate
Committee on Environment and Public
Works about the sector's critical infrastructure issues.
"It is imperative that related infrastructure be a part of any broad infrastructure
investment legislation the committee develops," he said. "AAPA has identified $66
billion in potential waterside and landside
investments over the next decade that will
help assure the benefits from an anticipated
$155 billion in port-related capital infrastructure investments."
AAPA President and CEO Kurt Nagle
points out that "seaport cargo activity
accounts for 26 percent of U.S. GDP and
over 23 million American jobs, and generates
over $320 billion annually in federal, state
and local tax revenues." AAPA estimates that,
without sufficient investment from federal
sources, the nation risks the loss of $4 trillion
in potential GDP loss and $575 billion in cost
to American businesses and households by
2025. That is in addition to the $14 billion
in the added cost of traded products due to
shallow harbors by 2040.
Ports drive their local economies; for
example, the Virginia Port Authority

14

AAPA SEAPORTS MAGAZINE

accounts for 10 percent of the state's GDP
annually, supporting at least 530,000 jobs
and generating combined revenues of $88
billion. With the help of federal and state
governments, it is currently going through
a significant period of expansion, which
is already showing an effect on the economic life of the region. In 2017, the Port
of Virginia was instrumental in the creation
of 6,300 new jobs.
"We were at a point of congestion three or
four years ago. These projects are helping to
create greater capacity," says Virginia Port
Authority CEO and Executive Director
John F. Reinhart. "These were necessary
investments to start to bring the infrastructure up to a current state."
The benefits of increased shipping
through Virginia are felt through a wide
territory. "We have a strong intermodal
connection here; 36 percent of our freight
coming or going out of our port is done
by rail. It's the highest of any port on the
East Coast," he says. "It affects all of the
mid-Atlantic."
In 2016, Virginia was awarded a
FASTLANE grant of $165 million toward
a $1.4 billion expansion and improvement
of area road and rail connections serving
the "Atlantic Gateway." Transurban and
CSX Transportation are contributing $565
million, with $710 million coming through
state transportation funds. "That was the
biggest project that went through last year,"

talks about the
impact of the port
community on our
national economy,
what is at stake in
the Port Authority
of New York &
New Jersey... is
pretty significant,
in terms of 400,000
in jobs, $90 billion
in personal and
business income and
over $8.5 billion in
tax revenue."
-Bethann Rooney,
Port Authority of New York
& New Jersey.

Reinhart says. "That will help move freight
and people up through the Commonwealth
and into the Capital."
Last December, the Richmond Marine
Terminal (RMT) added a portable, 40-plug
central power unit that can be mounted on



Seaports Magazine - Spring 2018

Table of Contents for the Digital Edition of Seaports Magazine - Spring 2018

AAPA Headquarters
From the President’s Desk
Business Boom: Ports Report Record-Setting 2017
One-Sided Investments – U.S. Ports Call for Federal Support of Long-Term Infrastructure Development
Ship Shape: Ports Navigate Their Niches to Find Their Areas of Expertise
Finding the Right Mix – A Latin American Port’s Perspective
Dredging Demands
Water Resources System Integral to Competitiveness of US Economy and Security
Port-Based Welfare Provision: It’s About Collaboration
Index of Advertisers
Seaports Magazine - Spring 2018 - Intro
Seaports Magazine - Spring 2018 - cover1
Seaports Magazine - Spring 2018 - cover2
Seaports Magazine - Spring 2018 - 3
Seaports Magazine - Spring 2018 - 4
Seaports Magazine - Spring 2018 - 5
Seaports Magazine - Spring 2018 - AAPA Headquarters
Seaports Magazine - Spring 2018 - 7
Seaports Magazine - Spring 2018 - From the President’s Desk
Seaports Magazine - Spring 2018 - 9
Seaports Magazine - Spring 2018 - Business Boom: Ports Report Record-Setting 2017
Seaports Magazine - Spring 2018 - 11
Seaports Magazine - Spring 2018 - 12
Seaports Magazine - Spring 2018 - 13
Seaports Magazine - Spring 2018 - One-Sided Investments – U.S. Ports Call for Federal Support of Long-Term Infrastructure Development
Seaports Magazine - Spring 2018 - 15
Seaports Magazine - Spring 2018 - 16
Seaports Magazine - Spring 2018 - 17
Seaports Magazine - Spring 2018 - 18
Seaports Magazine - Spring 2018 - 19
Seaports Magazine - Spring 2018 - Ship Shape: Ports Navigate Their Niches to Find Their Areas of Expertise
Seaports Magazine - Spring 2018 - 21
Seaports Magazine - Spring 2018 - 22
Seaports Magazine - Spring 2018 - 23
Seaports Magazine - Spring 2018 - Finding the Right Mix – A Latin American Port’s Perspective
Seaports Magazine - Spring 2018 - 25
Seaports Magazine - Spring 2018 - Dredging Demands
Seaports Magazine - Spring 2018 - 27
Seaports Magazine - Spring 2018 - 28
Seaports Magazine - Spring 2018 - 29
Seaports Magazine - Spring 2018 - 30
Seaports Magazine - Spring 2018 - Water Resources System Integral to Competitiveness of US Economy and Security
Seaports Magazine - Spring 2018 - Port-Based Welfare Provision: It’s About Collaboration
Seaports Magazine - Spring 2018 - 33
Seaports Magazine - Spring 2018 - Index of Advertisers
Seaports Magazine - Spring 2018 - cover3
Seaports Magazine - Spring 2018 - cover4
Seaports Magazine - Spring 2018 - divider1
Seaports Magazine - Spring 2018 - divider2
Seaports Magazine - Spring 2018 - 40
Seaports Magazine - Spring 2018 - 41
Seaports Magazine - Spring 2018 - 42
Seaports Magazine - Spring 2018 - 43
Seaports Magazine - Spring 2018 - 44
Seaports Magazine - Spring 2018 - 45
Seaports Magazine - Spring 2018 - 46
Seaports Magazine - Spring 2018 - 47
Seaports Magazine - Spring 2018 - 48
Seaports Magazine - Spring 2018 - 49
https://www.nxtbook.com/naylor/AAPQ/AAPQ0118
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