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The agency released a request for qualificationsw frompotential bidders, who would be required to invest in a new 50-foot berth and new cranes at the 200-acre “As ships get larger, it is critical that the Port of Baltimor e have a 50-foot berth by 2014 when the complete d expansion of the Panama Canal will brinfg more cargo and larger vessels from Asia to the U.S. East MPA Executive Director James J. White said in a “We feel strongly that, at this having a private partner contribute significany capital investment is the best optiom for us togo forward.” The operator woulds get the portfolio of business undefr contract at Seagirt, the MPA’s main container terminal.
It woule be required to guarantee a minimum amount of cargo The contract is expected to be for30 years. Proposals are due next month. The MPA expects to make a recommendationh on a bidder by the end of the The and state Board of Publixc Works will have to approvethe contract. The MPA is workin with Orlando-based Public Financial Managementr to identify potential private The port moved ahead with the lease after conferringt with the General Assembly durin itslegislative session, which ended Monday. Dredging of a 50-foot bertyh is expected to cost $80 White has said.
The port receives fundingv for large capital projectds from the TransportationTrust Fund, the same pot that covers maintenancs and construction of roads, transity systems and airports. But the fund has been strappes recently, faced with declining income from gasoline taxes andother transportation-related fees. Baltimorwe handled about 500,000 containers in 2007. Competing ports that focusw more closely on container traffic posted higher including 4 million inNew York, 2 million in Ga., and 1.5 million in Norfolk, Va.
Baltimore’s public which also include Dundalk and North and Soutg Locust Pointmarine terminals, spread cargo totalse largely across containers, paper breakbulk and roll-on/roll-off
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