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