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Governor finalizes $60 million for port
Friday, August 10, 2007 | No comments posted.
Project seeks deeper, wider channel
Gov. Ted Kulongoski told about 100 people gathered at the Coos Bay Boardwalk on Friday that economic transformation is coming. The governor came to town to sign House Bill 5036. It would send $60 million toward the Oregon International Port of Coos Bay’s project to widen and deepen the lower shipping channel.
“I don’t have to tell you, this is a very momentous day,” Kulongoski said to the crowd gathered in the pavilion.
The accomplishment is more than a state commitment to help finance the dredging project. The legislation could go a long way toward attracting APM Terminals North America, the U.S. operating division of A.P. Moeller Maersk, that is proposing to build a container shipping terminal on the North Spit. Initially, $5 million will be spent for environmental studies. But there’s a catch. Kulongoski said the state needs a favorable commitment from APM Terminals to trigger the release of the other $55 million.
Read the full story in Saturday's World.
Gov. Ted Kulongoski told about 100 people gathered at the Coos Bay Boardwalk on Friday that economic transformation is coming. The governor came to town to sign House Bill 5036. It would send $60 million toward the Oregon International Port of Coos Bay’s project to widen and deepen the lower shipping channel.
“I don’t have to tell you, this is a very momentous day,” Kulongoski said to the crowd gathered in the pavilion.
The accomplishment is more than a state commitment to help finance the dredging project. The legislation could go a long way toward attracting APM Terminals North America, the U.S. operating division of A.P. Moeller Maersk, that is proposing to build a container shipping terminal on the North Spit. Initially, $5 million will be spent for environmental studies. But there’s a catch. Kulongoski said the state needs a favorable commitment from APM Terminals to trigger the release of the other $55 million.
Read the full story in Saturday's World.
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