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Learn about Port of Los Angeles Investor Relations, including Featured News, Key Projects, and The Team.
The Port of Los Angeles, America’s Port® and the premier gateway for international commerce, is located in San Pedro Bay, 25 miles south of downtown Los Angeles. This thriving seaport not only sustains its competitive edge with record-setting cargo operations, but is also known for groundbreaking environmental initiatives, progressive security measures, diverse recreational and educational facilities, and emerging LA Waterfront.
The Port of Los Angeles encompasses 7,500 acres of land and water along 43 miles of waterfront. It features 27 passenger and cargo terminals, including automobile, breakbulk, container, dry and liquid bulk, multi-use, and warehouse facilities that handle billions of dollars’ worth of cargo each year.
Complementing its busy terminal operations with green alternatives, the Port of Los Angeles remains committed to managing resources and conducting developments and operations in both an environmentally and fiscally responsible manner. The Port of Los Angeles has embarked on a 10-year, $2.6 billion infrastructure investment program and will to continue to raise the bar to increase efficiency. The Port remains committed to modernizing its facilities and helping to create better information flow for stakeholders via technology.
With an exceptional credit record, the Port maintains an AA bond rating, the highest rating attainable for self-funded ports. The Port also wields tremendous economic impact, generating employment for more than 3 million Americans nationwide. In California alone, nearly 1 million jobs are related to trade though the Port of Los Angeles.
Against the backdrop of international trade and shipping, the Port of Los Angeles boasts the World Cruise Center, quaint Ports O’ Call Village, welcoming Vincent Thomas Bridge, signature Fanfare Fountains & Water Features, historic Angels Gate Lighthouse, and open green space at 22nd Street and Wilmington Waterfront parks. The Port is also home to two historic U.S. warships open to the public: Battleship IOWA and SS Lane Victory Merchant Marine Museum and Memorial. Joining the LA Waterfront are WWII-era warehouses that have been transformed into CRAFTED at the Port of Los Angeles, a permanent craft marketplace, featuring local artists and designers, and Brouwerij West, a Belgian-style craft brewery.
Did you know that one in nine jobs in the greater Los Angeles region are connected to the San Pedro Bay Port Complex? #1in9 is a new video series by the Port of Los Angeles, spotlighting some of its stakeholders, ranging from community members to major corporations. From glass artists to tugboat operators, the series highlights the different careers and industries supported by trade through the Port of Los Angeles and surrounding five-county region.
This project will extend the existing rail bridge and create five new storage tracks. It will also include an asphalt access roadway, new crossovers and switches, with modifications to the compressed air system of the Pier 400 rail storage yard and bridge. Design is scheduled for completion by December 2019. Construction is expected to begin in summer of 2020 at a total project cost of $34.0 million and includes $21.6 million in grant funding from the State of California Trade Corridor Enhancement Program (TCEP). Estimated completion in winter 2021.
This project involves the construction of a new drainage collection system and the relocation of Department of Water & Power (DWP) waterlines located beneath the railroad track grade. Construction began in April 2019 is estimated to be completed in spring of 2020. Total project cost is $6.7 million.
A companion piece to the Wilmington Waterfront Promenade, this project involves the construction of a pedestrian bridge along Avalon Boulevard to provide pedestrian access to the future Wilmington Waterfront Promenade. In February 2017, the Los Angeles Harbor Commission approved a three-year, $1.5 million contract for the design of the 1,300 foot long walkway. The project will include an arch bridge and entry plaza. Design is underway and scheduled for completion in spring of 2020 with construction beginning in fall of 2020 at a total project cost of $23.8 million, paid for by the Port of Los Angeles. Estimated completion in fall of 2022.
The Los Angeles Harbor Commission certified the Final Environmental Impact Statement/Report in October 2017 for the proposed $65.1 million Everport Container Terminal Improvements Project. In order to accommodate larger next generation vessels, Berths 226-229 and Berths 230-232 will be increased to depths of -53 feet, and -47 feet respectively. The project also includes the construction of an additional 1.5 acres of backland and electrical improvements for five new Alternative Maritime Power (AMP®) connections. Design was completed in November 2018 with construction estimated to begin in summer of 2019. The Port is expecting $5.4 million to be reimbursed from a Proposition 1B Trade Corridors Improvement Fund (TCIF) grant. The project is estimated to be completed in spring of 2021.