The Long Beach Board of Harbor Commissioners has approved a USD 748 million budget for the Port of Long Beach in the next fiscal year, with more than 60 percent set aside to continue its modernization program.
The budget will be presented to the Long Beach City Council for approval. For the fiscal year starting October 1, 2017, the port plans to spend USD 457 million on capital projects, a part of this decade’s USD 4 billion program to increase efficiency by upgrading terminals, waterways, bridges, rail lines, marine safety and other vital infrastructure.
