Go to navigation Go to content
Toll-Free: 888-269-1962
Phone: 512-646-0828
The Posey Law Firm, P.C.
Toll Free 888-269-1962 Local 512-646-0828

Texas ports are an engine for economic growth!

THE POSEY LAW FIRM, P.C.

AUSTIN | DALLAS | HOUSTON

1-888-269-1962


Blog Category:
11/13/2016
Comments (0)

Texas is second in the nation for waterborne commerce, and Texas ports are a critical part of the national and international economy. The Texas Maritime Ports have strategic importance for military readiness during times of national emergency. The economic impact of the Maritime Ports are significant, with TxDOT reporting a total economic value of Texas seaports as $287.1 billion, with local and s tate tax revenue of 6.5 billion in 2011.

The issues gaining attention and concern from state officials and representatives is the funding for needed maintenance and repair, as well as infrastructure development both in the ports and for the bridges, roads, and rails connecting the ports to the rest of Texas. There are several issues driving the urgency of these considerations, including the widening of the Panama Canal.

The expansion of the Panama Canal to accommodate larger cargo ships, opened in April 2016, means the Gulf and East Coast ports have an opportunity, and stakeholders and investment partners are rushing to complete port infrastructure expansion to take advantage of the new market share.

Besides the changes needed to accommodate the new vessels, such as dredging deeper canals, opportunities exist for updating warehouses, roads, and rail systems to take advantage of the opportunity provided by this increased traffic. But, according to Texas lobbyist and attorney Jake Posey, funding may prove to be a problem.

Texas A&M Transportation Institute undertook a study of state funding practices for maritime port improvements. Funding can be from direct or indirect funds; at this time Texas is using general revenue funding only for infrastructure development and port maintenance.

Overview of Texas Ports and Waterways, a comprehensive report by the Texas DOT, was presented to the Senate Select Committee on Texas Ports in May, 2016.

The 84th Legislature included Rider 48 in the General Appropriations Act, authorizing up to $20 million from the Texas Mobility Fund for funding for port capital improvement projects. As Texas lobbyist and attorney Jake Posey noted, Nine projects have been approved for this funding however, most of these are road widening and repair for roads leading from the ports.

Lt. Governor Dan Patrick charged senators to prepare to address transportation infrastructure at Texas maritime ports in next year's legislative session.

The Posey Law Firm, P.C., led by attorney Jake Posey, helps clients navigate the Austin labyrinth by formulating winnig advocacy strategies.



Category: Government Relations


There are no comments.

Post a comment

Post a Comment to "Infrastructure Development in Texas Maritime Ports: Funding Challenges"

To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."

Name:*

Email:* (will not be published)

Message:*

Notify me of follow-up comments via email.

Welcome to The Posey Law Firm

If you are interested in our legal services

Click Here >

If you are interested in our government relations work

Click Here >