Ports may need up to $1 billion to update terminals

Port commissioners from Tacoma and Seattle adopted their first budget for a new cargo alliance while warning they’ll have to spend hundreds of millions more to make the port facilities competitive with rivals. The $174.5 million included in the Northwest Seaport Alliance’s 5-year capital budget is “woefully inadequate to our needs,” asserted Tacoma Port Commissioner …
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Author: hellenicshippingnews

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