SSA Marine begins constructing terminal
Apr 1, 2004 12:00 PM
SSA Marine announced that construction has begun on its container terminal at Shoal Point in Texas City TX, commonly known as Texas City International Terminal (TCIT). Texas City and TCIT have received all the necessary permits from the state of Texas and the United States Army Corps of Engineers. The USACE's Environmental Impact Statement on the project has identified Shoal Point as the “environmentally preferred” site in the Galveston Bay region for development of a container terminal. TCIT is being developed completely with private funds and not taxpayer-supported bonds.
TCIT will include 400 acres of container yard, 6,000 feet of berth, a channel dredge depth of 45 feet, and a container volume capacity of more than 2.45 million containers (TEUs, or 20-foot equivalent units). The facility is eight miles from the Galveston Bay seabuoy with immediate access to Interstate 45.
“This project will create almost 28,000 jobs and $42 million in tax revenues over the first 20 years of the project, as well as give a strong boost to the local and regional economy,” said Andy McLauchlan, SSA Marine's senior vice-president of business development and marketing. “This is an important development in the Galveston Bay region and the state of Texas, which has seen a 10% average cargo volume growth over the past 10 years.”
The initial phase of construction will consist of 125 acres and 2,000 feet of berth. The total cost of Phase 1 is approximately $200 million, and operations will commence in 2006.
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