The people of our region are the catalyst that drives Port Corpus Christi as one of the nation's leading ports. Along with the people, and natural resources of the Corpus Christi region, our port is a key factor in prosperity and growth.
The Corpus Christi region is becoming well known for a team-like cooperative approach. This cooperation is facilitating billions of dollars in growth for the region surrounding Corpus Christi. International investors are spending billions on long-term sustainable investments in the Corpus Christi region with good reason. Along with an easy going business climate, Corpus Christi is blessed with natural surroundings that put it on the map as an international tourism destination, and provide a healthy lifestyle for its citizens.
This cooperative team approach brought many citizens of the Corpus Christi region to Austin for Coastal Bend Day at the Texas Capitol. Locals met with legislatures regarding, business, transportation, tourism, and more.
Read more regarding Coastal Bend Day at the Capitol from the Corpus Christi Caller Times; Coastal Bend leaders carry regions concerns to Austin.
Chinese investors keep looking towards the shores of Corpus Christi, Texas. An area that is prime for development, a competent workforce, and a government that knows how to facilitate big business are all part of the draw as corporations from China look to grow.
The Tianjin Pipe Co (TPCO), in essence paved the way for the growing interest from the Asian continent. TPCO has completed the first phase, and is well under construction on the second phase of an over one billion dollar facility in South Texas. This is the largest investment to date from a Chinese entity on U.S. soil.
TPCO may be the first, but certainly won't be the last! Delegates from China continue to visit the Corpus Christi region as they seek to develop a sustainable long term plan for growth. These visits are two ways. Delegates from South Texas including Corpus Christi Mayor, Nelda Martinez; and Port Corpus Christi Executive Director, John LaRue continue visits with Chinese investors, and remain at the forefront in creating positive relations.
Investments totaling in further billions of dollars are not unlikely in the near future for Chinese investors looking to grow on the shores of Corpus Christi, Texas, USA.
The $1.3 Billion facility at TPCO America
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Chinese companies eye Coastal Bend locations - Corpus Christi Caller Times
A new Corpus Christi Harbor Bridge is well on its way to becoming a reality. At the February 2015 Commission Meeting of the Port Corpus Christi Authority, Port Commissioners unanimously approved a Local Project Advanced Funding Agreement with the State of Texas through the Texas Department of Transportation to fund construction of the New Harbor Bridge. As part of the agreement, Port Corpus Christi will provide the state with $15 million and grant a right of way for the construction of the new bridge.
A resolution was approved in 2013 to provide money for the New Harbor Bridge project and grant the necessary right of way through Port Corpus Christi for the new bridge span.
The current Corpus Christi Harbor Bridge has a vertical clearance of 138 feet and was constructed in the 1950's. The modern design for the New Harbor Bridge will accomodate a safer flow for traffic over the bridge, and provide approximately 205 foot of clearance for modern ocean going vessels to pass below.
The Corpus Christi Harbor Bridge constructed in the late 1950's
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Port gives $15 million, right-of-way to Harbor Bridge project - Corpus Christi Caller Times
Wolfgang Eder, CEO of the Austria based voestalpine Group expects new United States investments to remain a critical component of the groups operations. Over the next couple of years, the majority of an aticipated $283 million investment in the United States will be directed towards a facility on the South Texas shores of La Quinta Ship Channel at Port Corpus Christi. Approximately $60-$115 million will go to US operations each year thereafter.
Additionally, Eder serves as Chairmen of the World Steel Association, and expects stable world wide steel growth at 2.0 percent for 2015.
Regarding oil prices, Eder recently expressed to journalists, "The oil price is an interesting thing but ... experience tells us it tends to be over-interpreted, We expect that things will already turn around again in autumn."
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The refrigerated warehouse facility at Port Corpus Christi has was designated as surplus property in August of 2014. The warehouse was once used for refrigerated cargo including meats, fruits, and veggies. As transport methods for these types of products changed, so did the need for this type of storage. The warehouse was briefly leased by a local meat packing company before its surplus designation.
Additionally, removal of the refrigerated warehouse from Port Corpus Christi's Cargo Dock 10 will support the alignment and construction of the new Harbor Bridge, set to begin construction in the near future.
As the warehouse and all associated equipment was designated as surplus, Port Corpus Christi released a Notice to Bidders in accordance with applicable Texas Municipal Code. Two sealed bids were submitted regarding the purchase of this property. The highest and best bid being from the Port of Santa Marta, Colombia in the amount of $410,000 resulted in the sale of the property to the Colombian port.
The Port of Santa Marta will utilize services of McAllen based, Texas Descon, in the inventory and dis-assembling of the structure for transport to Colombia.
The Port of Santa Marta, Colombia, and Port Corpus Christi have a sister port relationship. Representatives of Port Santa Marta feel that the refrigerated warehouse will be well served in Colombia as they handle large flows of refrigerated cargo.
Corpus Christi Caller Times - Port sells aging refrigerated warehouse