Laserfiche WebLink
<br />AREA OVERVIEW <br /> <br />11-15 <br /> <br />While the Port of Houston ranks first in US foreign tonnage and second in total tonnage <br />largely because of the huge volumes of oil and petrochemical products, it is not in the <br />top 50 ports in container traffic. With the existing Barbours Cut container terminal <br />operating at 150% of capacity, the Port of Houston recently opened Phase I of the <br />Bayport Container Terminal, which will enable the port to increase its share of the <br />growing container distribution world market. Bayport is located approximately four miles <br />south of the proposed hotel site. <br /> <br />The Port of Houston predicts that its container volume will increase 11 % per year for the <br />next five years. Phase I of the Bayport Container Terminal, which opened in February <br />2007, includes one container berth and 65-acres of container storage space. The $1.2 <br />billion Bayport Container Terminal will be developed over a 15 to 20-year timeline, Upon <br />completion, it will have seven berths and a 378-acre container storage yard with a <br />maximum capacity of 2.3 million TEUs (twenty-foot equivalent units). Bayport is <br />expected to generate more than 2,000 jobs in its first year of operations and nearly <br />10,000 jobs within five years. <br /> <br />In order to support the enormous increase in container activity generated by the Bayport <br />Container Terminal, large warehouse distribution centers are being developed <br />throughout the market area, as indicated in the following table. <br />