The Alabama State Port Authority's board of directors approved a port-wide $360 million capital program for the Port of Mobile Tuesday aimed at stimulating the economy by attracting new industry and creating jobs, while boosting transportation efficiencies through improved terminal solutions.
The infrastructure and investment program is a comprehensive seaport investment package that plans to construct a new warehouse and cargo yard improvements to aid the area's rapidly growing steel business, new intermodal rail yards, and implement cargo terminal improvements.
The port is currently the ninth largest US seaport in total volume, and the statewide economic impact of the approved capital program totals approximately $7.9 billion.