Mobile port adopts investment plan
The Alabama State Port Authority’s board of directors Tuesday approved a $360 million port-wide infrastructure investment program that seeks to attract new industry, create new jobs and provide efficient transportation and terminals for the region's shippers.
The program will fund new interchange and intermodal rail yards, a new warehouse and cargo yard improvements to serve the steel business, cargo terminal improvements to accommodate growing regional exports and deepwater oil and gas-field production service industries. It will also secure deepwater land to accommodate future public seaport expansions.
Jimmy Lyons, director and chief executive for the port, said funds would be expended in phases over the next five years as needed to accommodate growing business.