Port of Long Beach (CA) to vote on $1.2 billion Middle Harbor budget (Long Beach Press Telegram)

December 30, 2012 – A massive expansion that will create thousands of jobs and could make the Port of Long Beach the nation’s busiest seaport will be up for budget approval next week. The Board of Harbor Commissioners on Jan. 7 is expected to approve the $1.2 billion budget for the port’s Middle Harbor project, which seeks to connect and renovate old shipping terminals. Set for completion in 2019, the Middle Harbor project will be home to Orient Overseas Container Line, the Hong Kong-based container shipping and logistics service company that signed a 40-year, $4.6 billion deal to take up most of the 342-acre space.

Link to Full Article: http://www.presstelegram.com/news/ci_22284575/port-long-beach-vote-1-2-billion-middle

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