AAPA reports that U.S. ports and their private sector marine terminal partners are planning to spend at least a combined $46 billion in port-related improvements through 2016.
Woodland Hills, CA (PRWEB) March 06, 2013
Infocast brings its highly acclaimed Port & Intermodal Finance & Investment Summit to Miami, FL on April 16-18, 2013, which will be hosted and sponsored by the Port of Miami.
In order to increase maritime commerce competitiveness, expand revenues, and create jobs, American ports are promoting multimillion dollar plans to seize the benefits of the greater number of post-Panamax ships expected to call at American ports as result of increased traffic through the Panama and Suez Canals. AAPA reports that U.S. ports and their private sector marine terminal partners are planning to spend at least a combined $46 billion in port-related improvements through 2016. The success of these plans will be considerably tied to ports’ ability to access financing.
A combination of reduced revenues and cut-backs in federal, state and municipal public funding make it a tough financing environment. As a consequence, port authorities are exploring how they can best create partnerships with private sector partners and the financial community to develop creative financial approaches that will enable them to move their plans forward. At the same time, terminal operators, third-party investors and other private sector players recognize that ports are sound investments and are looking for opportunities to support the financing of port and intermodal infrastructure expansion.
The Port & Intermodal Finance & Investment Summit will bring together port authorities, terminal operators, shipping lines, intermodal carriers and financial players to share their perspectives, establish a constructive dialogue, build understanding and ultimately develop the financial models that will support the pipeline of capital intensive projects on the drawing board. The Summit will serve as the major venue where the port, intermodal and financial communities gather to engage in the important work of creating new financial structures and to network in order to establish ongoing relationships.
Key players from the port, intermodal and financial communities participating in the summit include Hon. Governor Haley Barbour, Founding Partner of the BGR Group, who will be the keynote speaker and representatives from the Jacksonville Port Authority, APM Terminals, the Florida Department of Transportation, Goldman Sachs, the Port of Miami, Virginia Port Authority and Port of Houston Authority, along with many more.
For more information, to register for the Summit, or to participate as a speaker or sponsor, visit the event website at infocastinc.com/ports13 or contact the Event Producer, Alice Barsoomian at 818-888-4445 ext. 19.
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