Los Angeles adopts a US$976.6m budget

The Los Angeles budget of approximately US$976.6 for 2011 equates to a 7.4% or $67m increase from the current budget and reflects a year of double-digit growth in container volumes.


Anticipating operating revenues of US$405.4m, it also projects a US$23.2m or 2.3% decrease in total estimated expenditures from the current fiscal year. Pivotal to maintaining competitive operations, a capital budget of US$291m has been approved.


Port capital investments for will include US$10.7m in terminal improvements at the TraPac Container Terminal and US$5.6m the APL facility at Berths 301-306.


With respect to the environment, the port anticipates spending approximately US$7.2m on Clean Air Action Plan initiatives, including US$2.7m for the Clean Truck Programme, US$2.5m for the Vessel Speed Reduction Program, US$1.5m for the Technology Advancement Programme and US$5m for the TraPac AMP demonstration project.


US$2m has been allocated to enhance port security and protection, including projects for port police surveillance, threat detection, and criminal activity detection, deterrence and apprehension.
(Source:http://www.container-mag.com)