Port of Oakland Gets Recovery Act Funds for Expansion Project

United States — The Port of Oakland is to receive $11.8 million from the American Recovery and Reinvestment Act of 2008, which the port will use to fund its Harbor Deepening Project, as well as harbor operations and maintenance. The fifth busiest U.S. container port began the deepening project in 2001. According to a statement from the port, by the time the project is complete as many as 8,800 jobs will have been created, and annual business revenue will increase by $1.9 billion.

From Oakland Tribune:

"Once done, the port will be able to attract new international business by offering itself as a 24-7 operation able to handle all fully loaded, intermodal cargo vessels bringing imports to the U.S."

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By Planet Data

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