Port of Corpus Christi included in President’s proposed budget
The Port of Corpus Christi’s Ship Channel Improvement Project has been included in the fiscal year 2019 presidential budget.
According to the port, the budget includes $13 million in funding for the project in the U.S. Army Corps of Engineers’ civil works budget.
“This is a historic day for the Port and we are honored to have the CIP included in President Trump’s budget,” said Sean Strawbridge, Port Corpus Christi CEO. “Investing in this infrastructure expansion project is an investment in the U.S. economy and the leadership of American energy. Our challenge now is to ensure that we have an appropriate level of funds to complete this project in a time frame that ensures the competitiveness of American energy. We look forward to working with our partners at USACE in the days and weeks ahead and commencing next steps of this project as soon as possible.”
The port says completion of the project will allow the port to increase export volumes of U.S. oil and natural gas, supporting the nation’s allies abroad and bolstering domestic energy production.
The Port of Corpus Christi exported more than $6 billion of crude oil to U.S. trading partners in 2017 contributing to offset the United States trade deficit, according to Energy Analysts International.
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