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Port of Corpus Christi secures $59 million in additional funding for Channel Improvement Project

Posted at 9:49 AM, Nov 26, 2018
and last updated 2018-11-26 10:50:45-05

A $59 million addition in funding for the Corpus Christi Channel Improvement Project was announced in the U.S. Army Corps of Engineers Fiscal Year 2019 Work Plan.

This funding brings the total Federal appropriations for the CIP to $95 million. The estimated CIP cost is $360 million, of which the federal government is responsible for $230 million, while the Port of Corpus Christi is responsible for the remaining $130 million.

To date, the Port of Corpus Christi has transferred $78 million of its own funds to the USACE, bringing the total CIP funding level to $173 million.

“The inclusion of additional Work Plan funds is yet another significant milestone toward the United States becoming a net exporter of its energy production,” said Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi.

“Widening and deepening the Corpus Christi Ship Channel is a mathematical certainty. Energy markets are taking notice as the majority of incremental U.S. energy production is coming to Corpus Christi and ultimately to the global markets. We expect over two to three million barrels per day of new crude production coming our way, and our energy producing and marketing customers know we are building out all the necessary infrastructure to handle these new volumes, safely and responsibly.”

The news thrilled Charles W. Zahn, chairman for the Port of Corpus Christi Commission.

“This news is extremely exciting, and we owe a great deal of gratitude to our supportive congressional delegation, including Texas (U.S.) Senators (John) Cornyn and (Ted) Cruz, U.S. Rep. Michael Cloud of our Congressional District 27, and of course, the administration for its endless support.”

The 2019 Fiscal Year President’s Budget already included $13 million of funding for the CIP, which was appropriated by Congress in September.

“This $71+ million in combined Army Corps Work Plan and Budget funding will be a huge benefit not only to jobs across our part of Texas but to the security of America and our allies, and I am thrilled we were able to make this happen,” Cloud said. “I was honored to make the case for the Port of Corpus Christi and thankful President Trump recognized the importance of the Port’s Channel Improvement Project. I commend the Port  Commissioners under the leadership of Chairman Charles Zahn, and the Port staff under the direction of CEO Sean Strawbridge and Executive Director John LaRue, for their tireless efforts on this project.”