Port says the deepening and widening work will increase exports of U.S.-produced energy by nearly $40 billion.
The funding “further moves our most important critical infrastructure project to fruition and will ultimately increase exports of American energy to our allies and trading partners around the world,” said Sean Strawbridge, CEO of the Texas port.
Earlier this year, the FY 2019 budget for the Army Corps of Engineers Civil Works allocated $13 million in funding for the port’s project. The additional $23 million in Work Plan monies fully funds the second of six contracts and extends the project construction from the entrance in the Gulf of Mexico to Redfish Bay, according to the Port of Corpus Christi.
Anticipated completion of the entire channel improvement project is 2021-22. It is estimated that the channel deepening and widening will increase exports of U.S.-produced energy by nearly $40 billion while increasing the fluidity and safety of vessel traffic, the port said.