PHILADELPHIA, December 21, 2016 – State Sen. John Sabatina joined Gov. Tom Wolf, as well as other state and local officials, along the Delaware River today to unveil $300 million in investments in the Port of Philadelphia, which will result in an estimated 7,000 additional jobs.
This initiative, called the Capital Investment Program, ranks as one of the largest by a state on the East Coast. It will boost three of the busiest sectors of the port, including the Tioga Marine Terminal in Port Richmond.
“The Delaware River has played a critical role in the economic history of our community. This investment will help the city continue to create jobs, bring in significant revenues and boost the regional economy,” said Sabatina (D-Philadelphia). “Pennsylvania is competing in a 21st century global market, and our port terminals continue to serve as critical locations for trade. We must make sure that the Tioga Marine Terminal remains a relevant location and keeps up with evolving market trends.”
The program, which will start next year and continue through 2020, will double container capacity, position the port for future growth, create thousands of jobs, improve efficiency, and increase tax revenues.
Specifically, Tioga Marine Terminal will receive $12 million for improvements to the main on-dock warehouse that has been successfully handling and processing Brazilian wood pulp cargoes since 2014. A second warehouse there will be converted into a food-grade warehouse, allowing the port to increase its wood pulp volumes to meet the demands of Pennsylvania companies requiring wood pulp. Improved rail access and the purchase of a second mobile harbor crane will also add capacity for Tioga Marine Terminal.