Financing

COVID-19’s Infrastructure Impacts

Sound Investments, Innovative Solutions Keep Many Projects on Track, Though Most Cruise-Related Ones Are on Pause By Sandy Smith While the COVID-19 impact on global trade created plenty of economic uncertainty, it did not necessarily stop ongoing port infrastructure projects. Though it might have made some of the challenges of construction a little steeper. “There is capital out there for ...

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Know Your RFP ABCs

Crafting the right project scope – whether seeking a bid or request for proposal – requires caution and an ability to learn from past mistakes.

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GUEST VIEWPOINT: Financing Port Projects: Strategies in the Current Landscape

Capital investment in port infrastructure is essential, but to ensure long-term financial sustainability it is also important to consider cost-effective financing of strategic infrastructure, resiliency planning and revenue enhancing projects. * By Christine Choi, Director, PFM Financial Advisors LLC * Capital investment in port infrastructure is essential to improve efficiency, remain competitive, and attract business. Container shipping industry consolidation has ...

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One-Sided Investments – U.S. Ports Call for Federal Support of Long-Term Infrastructure Development

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. By Sarah B. Hood—  Last January 10, Port of Cleveland President and CEO William Friedman spoke on behalf of AAPA before the U.S. Senate Committee on Environment ...

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GUEST VIEWPOINT: Port-Based Welfare Provision: It’s About Collaboration

Find out about your local seafarers’ welfare organization and see what you might be able to bring to the table. By Jason Zuidema, North American Maritime Ministry Association— In ports around North America, more than 70,000 Christmas gifts were given this past Christmas. A warm hat and gloves, some toiletries, perhaps a bit of chocolate – a small gift to ...

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Creative Financing

Diversification in funding sources and income avenues is helping ports achieve more financial stability and security, as well as boosting the bottom line. By Sandy Smith When Hurricane Katrina – and a 24-foot storm surge – destroyed the Port of Gulfport in 2005, the port had a choice: rebuild the port back to its original layout, or take this as ...

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Following Up on the Funding Trail

By Candace Gibson FOLLOWING UP ON THE FUNDING TRAIL There are many reasons a port seeks funding for improvement projects. Perhaps its highway arteries are clogged, its warehouses are in need of repair, or its space is maxed out – and tenants want more. Everyday use and time take a toll on a port, and while there are budgets for ...

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