The project will deepen the navigation channel from 42 feet to 48 to 50 feet and widen narrow channel areas to take advantage of the greater economies of scale from larger container cargo and petroleum ships.
Pending environmental requirements
The PPA details the requirements and responsibilities of the Army Corps of Engineers and Port Everglades for construction once all environmental requirements are completed.
The deepening and widening project is designed to enable safe passage of next-generation cruise, bulk, petroleum and deep draft neo-Panamax cargo ships. As the nation’s leading gateway for trade with Latin America, Port Everglades already handles neo-Panamax vessels from Europe and South America, but the ships must be lightly loaded, which is inefficient, especially as older fleets are being replaced.
It is anticipated that the project — when completed in 2029 — will create nearly 1,500 permanent direct jobs resulting from additional cargo capacity. Port Everglades currently generates nearly $32bn in business annually and more than 13,000 direct jobs in South Florida. It is the region’s main seaport for receiving petroleum and jet fuel, a top container port in the state, and is one of the top three cruise ports worldwide.