what’s new at port freeport. port commission john hoss ravi k. singhania paul kresta rudy...
TRANSCRIPT
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What’s New at Port Freeport
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Port Commission
John Hoss
Ravi K.Singhania
Paul Kresta
Rudy Santos Shane Pirtle
Bill Terry
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Two Years Ago
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PRESENT
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Current Capital Projects
Project Est. Completion Date
Velasco Phase 2 Area I – 3.5 acres COMPLETED
Dock 5 Trench Drain Repairs COMPLETED
Berth 5 Mooring Improvements 09/2015
Berth 7 Backland Paving – 20 acres COMPLETED
Turning Basin Road Widen and Overlay COMPLETED
Parcel 25 Asphalt paving & Drainage COMPLETED
Administration Building 02/2016
Dock 2 Floodwall Modification / 408 Permit 06/2016
Estimated Total Cost: $40 million
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Project Est. Completion Date
Pete Schaff Repairs 2015
Parcel 19 Stabilization 2016
Transit Shed 2 Demolition 2016
Parcel 14 Development 2017
• Rail, Open Storage, Warehousing
Continuation of Velasco Terminal Build Out 2019
Pump Station Outfall, Backlands Area Development, Berths 8 & 9,
Gate 12, 3 Container Cranes and Upgrade Power Grid
Freeport Harbor Channel Improvement Project2019
Estimated Total Cost: $250 + million
Future Capital Projects
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Harbor Volume Outlook
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New Business
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Procurement of Container Cranes
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MSC/Chiquita
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Tenaris
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Hoegh Autoliner New Service – June 2015
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General Motors
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ARI Chiquita Brands Dole Fresh Fruit MSC Hoegh Autoliners Mammoet Tenaris Vulcan Materials
Key Inter-Harbor Customers
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BASF DOW Chemical Freeport LNG Phillips 66 Enterprise Kirby Inland Marine Zachry/CB&I
Key Channel Customers
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Vessel Calls – Freeport Harbor Channel
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New Administration Building
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Highlights:
OVERALL RESULTS ARE CONSISTENT OR UP OVER BUDGET AND PRIOR YEAR
• Operating Income• Up 5% from PY• 20% over Plan
• Operating Cashflows• Up 50% from PY• 3% over Plan
• Operating Expense• Up 9% over PY• 12% under Plan
• Operating Revenues• Up 8% over PY• 8% under Plan
FY 2015 OPERATING RESULTS
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FY 2015 CARGO movement
0
550000
Highlights:
Over all cargo activity is Up
• 2,119,933 tons handled through the Inter-harbor and Velasco for a 17% increase over PY, 17% over plan
• 14,387,480 tons handled through the dedicated facilities for an 9% decrease from the PY
• Total volume through Port facilities totaled 16,507,413 tons
• Vessel activity is 38 call behind the PY and 14 calls against plan
Vessel
Barge
Total
Prior Year
244 22 266
Budget237 19 256
Actual 202 29 231

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#1 Freeport Harbor Channel Improvement
Feasibility project completed Jan 2013 Water Resources Reform and Development Act Bill
approved June 2014 General Re-evaluation and Review (GRR) approved
April 2015• DOW thumb – Phillips 66 Berth #2
Construction of channel through G.O. Bonds Construction start – late 2018 Phase #2 Deeper water- Customer Driven
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#1 Freeport Harbor Channel Improvements
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#2 Rail Development
Hwy 36A rail corridor• Connecting Freeport and Rosenberg
• Access to U.P.R.R., B.N.R.R., and K.C.S.R.R.Continued economic growth for region
Joint effort between Fort Bend County, Brazoria County and Port Freeport – rail district formed, “Brazoria – Ft Bend Rail District”
Current Study will evaluate if there is a business case for investment?
(Cont’d)
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How will communities along corridor benefit?
• Economic DevelopmentRosenberg by 2035
• 5,000 – 10,000 new jobs support Distribution/ManufacturingPort Freeport by 2035
• 10,000 – 20,000 new jobs supporting marine operations, distribution & manufacturing
$44 million State Sale Tax increase per year by 2035
Can the private sector play a role – 3P?
#2 Rail Development (Cont’d)
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#3 1495 Bridge Construction Rebuild of bridge by TxDOT Need to make communities aware of traffic
impact Alternative routings 12 – 18 month construction
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#4 East End Land Acquisition
Acquisition made by Port - currently owns 65% of properties• Developing plan will have minimal impact to home owners
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Alternative route to Hwy 288
Avoid Houston congestion
Enhanced hurricane evacuation
#5 Hwy 36 Widening
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www.portfreeport.com
Questions and Comments