Oakland, California, USA: Ports America Group has announced that Ports America Outer Harbor has been selected by the Port of Oakland Board of Commissioners to upgrade and operate five container berths in the Port of Oakland through a 50-year concession and lease agreement.
The first phase of Ports America Oakland's operational plan includes the investment of up to US$150 million to upgrade 160 acres within the Port of Oakland, comprising some 1,340 metres of berth. This investment is expected to create over 6,000 jobs within the bay area.
Ports America Oakland's bid also includes a comprehensive environmental plan to supplement the Port of Oakland's ongoing program to significantly improve air quality in the San Francisco Bay area.
In addition, during the life of its operational stewardship at the Port of Oakland, Ports America Oakland plans to invest significant additional capital to improve the competitiveness of the port for the benefit of its many served communities and customers. These investments are expected to aggregate to over US$500 million.