Independent journal on economy and transport policy
18:15 GMT+1
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Delay of the term of the concession of West Basin Container Terminal (Lowers Shipping, Yang Ming, Ports America) of Los Angeles
It is moved by 2021 to 2030
May 31, 2013
The Harbour Authority of Los Angeles has agreed with Yang Ming the extension nine-year-old of the duration of the concession contract with which the taiwanese shipowning group it manages West Basin Container Terminal (WBCT) of joint venture the Californian port in with the Chinese shipowning society Lowers Shipping and with the terminalista society American Ports America. The date of term of the agreement is postponed by 2021 to 2030.
Port Authority has emphasized that the new understanding allows with the port to confiscate ulterior revenues comprised between 365 e525 million dollars, based on the volume of traffic enlivened from the terminal.
Moreover the new agreement, that he has been undersigned to Beijing from the mayor of Los Angeles, Antonio Villaraigosa, previews that Port Authority upgrades terminal WBCT. In particular, the port will invest 122 million euros in order to carry out work, between which the construction of a new dock of 348 linear meters to the piers 126-129 of the port of call and dredging of the backdrop of the new dock to a depth of beyond -16 meters.
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The Harbour Authority of Los Angeles has agreed with Yang Ming the extension nine-year-old of the duration of the concession contract with which the taiwanese shipowning group it manages West Basin Container Terminal (WBCT) of joint venture the Californian port in with the Chinese shipowning society Lowers Shipping and with the terminalista society American Ports America. The date of term of the agreement is postponed by 2021 to 2030.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
