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California's Ocean Economy - California Resources Agency - State ...

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NOEP<br />

CA Share of Total U.S. Port Capital Expenditures: 2001<br />

Specialized Cargo<br />

Total<br />

Dredging<br />

Off-terminal Infrastructure<br />

On-terminal Infrastructure<br />

Other<br />

Passenger<br />

Liquid Bulk<br />

Dry Bulk<br />

General Cargo<br />

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0%<br />

Figure 6-7: <strong>California</strong>’s Share of US Expenditures on Ports, 2001<br />

Source: US Port Development Expenditure Report<br />

http://www.marad.dot.gov/publications/PDF/Exp2001rpt.pdf<br />

Expenditure by Construction Type 38<br />

The following three graphs, Figures 6-8, 6-9, and 6-10, show details of capital expenditure on<br />

new construction and modernization/rehabilitation by facility type in 2001, as well as<br />

<strong>California</strong>’s portion of total expenditure by all US ports by construction type.<br />

Nearly 60% of the nation’s ports’ spending on new construction was on <strong>California</strong> ports in<br />

2001, an estimated $586.8 million. Of this <strong>California</strong> expenditure, $541.9 million was spent<br />

on specialized cargo. In addition, <strong>California</strong> ports invested in more than 45% of the<br />

dredging activities across the nation that year.<br />

For modernization and rehabilitation expenditures, <strong>California</strong> led the total with $203.3<br />

million (39.7%) in 2001. The investments on specialized cargo and other facilities stand out<br />

as the most significant.<br />

38 In most cases, investment decisions for construction and expansion of port facilities are made by individual ports and<br />

their governing boards. While large amounts of federal monies are made available to port authorities, much of their<br />

construction money is raised through bonds, revenues and other mechanisms. Most ports operate as separate private or<br />

private-public entities.<br />

81

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