I am pleased to report that once again the Port of Brownsville achieved new records for both tonnage and total operating revenues in 2018.
For the period ending December 31, 2018, the port brought home 11.3 million short tons of cargo and $24,209,767 of unaudited total operating revenues.
This allows us to reinvest in both port services and infrastructure.
Of course, records like these are the result of the hard work and dedication of our tenants, customers, constituents, employees and stakeholders. And to each of you, I offer my sincere thank you.
For some time, we have reported that billions of dollars of investments are coming to the port and the Rio Grande Valley, and bringing with them thousands of jobs. That time has arrived.
The Brownsville Navigation District (BND) and NextDecade, owner of the proposed Rio Grande LNG facility, have made impressive achievements in the first half of 2019. In March, the BND approved a 984-acre land lease for Rio Grande LNG; later that month, NextDecade reached a long-term sale and purchase agreement with Shell; in April, the BND and NextDecade entered into an agreement to partner on the port’s channel deepening project; and two day’s later, the Federal Energy Regulatory Commission issued its Final Environment Impact Statement on NextDecade’s LNG project, setting the clock in motion for a federal project authorization decision in late-July 2019. That precedes a NextDecade Final Investment Decision in 3Q 2019, with the reality of construction only months away.
Not to be overlooked, Annova LNG and Texas LNG have also secured their Final Environmental Impact Statements for their respective projects. This puts them on track to receive their federal project authorization decisions in 2019. We also expect to enter into similar agreements to partner on the port’s channel deepening project and to truly form a private-public partnership on successfully implanting the project.
Very soon we will see a flurry of activity at the Port of Brownsville and more people will come to know us the port that works!
Editor’s Note: The above commentary by Brownsville Navigation District Port Director & CEO Eduardo A. Campirano first appeared in the Port of Brownsville’s new Directory.
Editor’s Note: The main image accompanying the above guest column shows logistics activity at the Port of Brownsville.
Editor's Note: This is the second in a three-part series on the Port of Brownsville's new 2019 Directory. Click here to read Part One.
