Governor of Pennsylvania Tom Wolf has announced a US$246 million state investment into the Port of Philadelphia to continue modernisation efforts and improve regional economic stability.
This funding builds upon the Governor’s comprehensive US$300 million Capital Investment Program at the Port of Philadelphia announced in 2016, when Governor Wolf announced his Port Development Plan to redevelop underutilised areas of the Port of Philadelphia by investing more than US$300 million in the port’s infrastructure, warehousing, and equipment
Critical infrastructure investments included the purchase and implementation of three new super post-panamax cranes at the Packer Avenue Marine terminal, the building of two new warehouses, and the development of the SouthPort Auto Terminal, the first new port terminal in more than 45 years.
“This new US$246 million investment will help the port build on its success over the past few years and will help Pennsylvania build on our commonwealth’s economic success and job growth, too,” commented Governor Wolf.
Meanwhile, the chairman of the board of PhilaPort, Jerry Sweeney highlighted that the port’s “dramatic cargo and jobs growth” is a direct result of Governor Wolf’s leadership.
