Gov. Tom Wolf gathered with state and local officials Friday to announce $265 million in funding for the Port of Philadelphia to “continue modernization efforts and improve regional stability.”
“The port is an economic driver, not only in Philadelphia, but across the commonwealth,” Wolf said. “The port supports jobs, encourages trade, and builds connections that help businesses and communities across Pennsylvania thrive. This new $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.”
The money will fund the next phase of the Port Development Plan after a $300 million investment in 2016 that expanded the facility’s infrastructure and warehousing space and added three new super post-Panamax cranes at the Packer Avenue Marine terminal. The improvements, along with a new Southport Auto Terminal, ramped up cargo volumes, resulting in a 60% increase in containers arriving in the city.
Read More