Port of Long Beach
LONG BEACH (CNS) – A Long Beach commission approved a $760 million budget for fiscal year 2024-25, representing a 19.5% increase from last year’s adopted spending plan, officials announced today.
The increase in spending plan is largely due to infrastructure projects like the Pier B On-Dock Rail Support Facility, which is expected to break ground this summer, as well as the proposed Pier Wind.
Pier B will shift more cargo to “on-dock rail,” where containers are taken to and from marine terminals by trains. Moving cargo by on-dock rail is cleaner and more efficient, as it reduces truck traffic. No cargo trucks would visit the facility.
If approved, Pier Wind would be the nation’s largest facility designed to assemble offshore wind turbines.
Also included in the budget is approximately $25 million in Clean Truck Fund subsidies to support the transition of the heavy-duty truck fleet to zero emissions. The Port of Long Beach has twin goals of a zero-emissions cargo handling fleet by 2030 and zero-emissions trucking by 2035.
“Because trade, construction and tourism support 51,000 jobs in Long Beach — or one in five jobs — it’s important we stay focused on attracting business, building for the future and moving cargo sustainably,” Harbor Commission President Bobby Olvera Jr. said in a statement. “This budget advances these goals by leveraging our stable financial strength as a top gateway for global commerce.”
Officials noted that the port does not use tax revenue to support its operations.
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