September 17, 2021
Jump Start - Port Canaveral Expansion Begins Early

Dredging an underwater pit at Port Canaveral in 2007. Work on deepening the port will begin four years ahead of schedule.

Trade

Jump Start - Port Canaveral Expansion Begins Early

Jerry Jackson | 12/13/2012

Port Canaveral will get an early start on work to widen and deepen its main shipping channel so the Brevard County port can handle more cargo. Dredging had been scheduled to begin in 2017, but the Florida Department of Transportation is contributing $24.4 million to allow work to begin as early as next summer. The Canaveral Port Authority is investing $8 million for the project, which will also widen the turning basin and allow access for
bigger ships.

By using state and local dollars rather than federal funds, the work can begin sooner, port officials say, reducing the amount of paperwork and benefiting the local economy as the national economy improves and shipments increase. Work on the shipping channel is to be completed by late 2014.

Two new cargo berths already are under construction, at a cost of $17.4 million, with one to be complete by the end of this year and the second one next year. Trade specialists with the Enterprise Florida economic development agency in Orlando say the ability of the port to handle more cargo will benefit central Florida companies. When shipments to and from the metro Orlando area can go through Port Canaveral instead of ports in Jacksonville or south Florida, it saves time and money as transportation costs are reduced.

A recent study by Rollins College found more than 300 international companies from more than 30 countries operating in the Orlando area and surrounding counties. Orange County accounts for 204 of the foreign-owned businesses involved in manufacturing, wholesale and other sectors that often depend on imports and exports. Brevard has 18 foreign-owned companies operating locally.

Tags: Central, International Trade

 

Florida Business News

Florida Trend Video Pick

Experience a mochi bar and boba tea at TeaStori Tampa
Experience a mochi bar and boba tea at TeaStori Tampa

Boba milk tea and a full mochi bar come together to create the perfect combination at TeaStori Tampa.
 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you agree or disagree with requiring hospital, nursing home and health care employees to be fully vaccinated?

  • Agree
  • Disagree
  • Other (Please share your comments in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2021 Trend Magazines Inc. All rights reserved.