port congestion les parsons
TRANSCRIPT
Port Congestion – Limited Berths: Length, Availability
or Both
June 9, 2010
Port Profile – Prior to Improvements
Port Profile – Prior to Improvements
October 2009 – Three Ship Day
October 2009 – Three Ship Day
Business Case – Status Quo OR Second Berth
• Berth expansion at CHAI wharf cost $18.5 M; it is a multi-purpose berth for all commercial shipping and cruise ship activities
• Current berth generates sufficient revenue to cover debt service and operating costs
• 2010 Cruise season – 14 ships from April – August (5 months 32%) ; 14 ships in September (1 month 32%) and 16 ships in October (1 month 36%)
• Extending the season to better utilize existing berth capacity
• Second berth possible at Coast Guard Wharf
• Would require a capital investment that is estimated at $12.0 M
• Expanded berth would only be suitable to cruise ships due to adjacent developments
• With single sole source revenue –long term viability
• Exploring funding/financing models for second berth
Status Quo Second Berth