On 13 November, the Port Commission of the Port of Houston Authority held its annual Budget Workshop, approving Port Houston’s current US$745 million capital plan and US$428 million operating budget to lead staff in operating and managing facilities and operations for Fiscal Year 2024.
Port Houston’s capital plans will continue to expand container capacity and renovate the General Cargo facility to provide efficient growth prospects for clients and boost job opportunities in the local economy.
Capital awards related to Port Houston operations are expected to total about US$613 million next year, while Houston Ship Channel Expansion – Project 11 awards are expected to total US$132 million.
Furthermore, the 2024 budget supports Port Houston’s investments in its community and its landside and waterside infrastructure, while also continuing to seek grants from local, state, and unprecedented federal funding to support its stewardship efforts and drive economic prosperity and job creation.
The initial report, issued in 2021 after substantial stakeholder engagement, identified 72 Port Houston stewardship activities while introducing a Sustainability Action Plan with 27 additional emphasis areas. The updated report contains further information on tracking progress toward these goals and setting new targets for Port Houston’s 2050 net zero carbon emissions goal.
