Baltimore’s Port Set to Expand with New Terminal

Baltimore’s Port Set to Expand with New TerminalBaltimore’s Port Set to Expand with New Terminal Baltimore, Maryland is poised to enhance its maritime infrastructure with the construction of a brand-new terminal at its bustling port. This significant expansion project will bolster the region’s economy and solidify its position as a vital transportation hub. The new terminal, known as the Howard Street Terminal, will be located along the Patapsco River. It will feature a 50-foot deep berth, capable of accommodating the largest container ships operating in the world today. The terminal will also have a dedicated rail yard, providing efficient rail-to-ship cargo handling. “This expansion is essential for Baltimore’s port to remain competitive in the global maritime landscape,” said Governor Larry Hogan. “The new terminal will attract new businesses, create thousands of jobs, and support our region’s economic vitality.” The Howard Street Terminal is expected to create approximately 3,000 direct and indirect jobs during construction and an estimated 5,000 permanent jobs upon completion. The terminal will handle a wide range of cargo, including containerized goods, automobiles, and breakbulk cargo. The construction of the new terminal is a partnership between the Maryland Port Administration, the City of Baltimore, and SSA Marine, a leading terminal operator. The total cost of the project is estimated at $1.1 billion, which will be funded through a combination of public and private investments. “We are excited to be a part of this transformative project that will reshape the future of Baltimore’s port,” said Greg Dvorak, CEO of SSA Marine. “The Howard Street Terminal will provide our customers with world-class facilities and unparalleled service.” The expansion of Baltimore’s port is expected to have a significant economic impact on the region. The terminal will create jobs, generate tax revenue, and attract new investment. It will also facilitate the movement of goods to and from the region, supporting businesses and consumers alike. “This project is a testament to the resilience and commitment of Baltimore’s maritime community,” said William P. Doyle, Executive Director of the Maryland Port Administration. “We are working hard to position the Port of Baltimore as the premier gateway for global trade.” Construction on the Howard Street Terminal is scheduled to begin in 2024, with completion expected in 2028. The expansion project is a major milestone in the evolution of Baltimore’s port and will ensure its continued success as a vibrant maritime hub for decades to come.