| Code: 108274 |

TIN news:   Port of Oakland has announced that work could begin next month to nearly double the size of the port’s second-largest marine terminal. TraPac LLC has said that it’s ready to begin construction on a 57-acre expansion at the Port’s Outer Harbor. The Board of Port Commissioners approved the project at a meeting Oct. 27.
TraPac has signed a new 14-year lease with the Port to grow from 66 to 123 acres. It will add two vessel berths to the two it already operates. The terminal operator said a larger footprint will help it absorb additional cargo volume.
“With this expansion, we’re making a long-term commitment to our customers and to the Port of Oakland,” said TraPac Oakland General Manager Mike Porte.  “Now that the approval process has concluded, we’re eager to get on with the necessary improvements, and we’ll be doing so aggressively.”
TraPac is growing into property adjacent to its existing terminal.  It said construction on a new entrance gate could start in November. Refurbishment of the remaining acreage would follow soon thereafter, the company added. TraPac said it expects to complete improvements within 10 months.
Wilmington, Ca-based TraPac handles about 20 percent of the containerized cargo volume shipped through the Port of Oakland.

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