The Port of Portland is leading an alliance to secure state funds for Terminal 6, Oregon’s only international container terminal, which is currently facing financial challenges. Pending legislative approval, Governor Tina Kotek has committed $5 million for operational support and $35 million for capital improvements. This funding will help contribute $20 million annually in tax revenue and sustain 1,500 jobs. Supported by labor unions and major companies, the port explores cost reductions and new strategies in balancing operations and increasing container volumes.
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Source: Freightwaves
