port everglades master / vision plan status broward county board of county commissioners may 4 th,...
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Port Everglades Master / Vision Plan Status
Broward County Board of County Commissioners
May 4th, 2010
Agenda
• FDEP Update
• Update Status of Master Plan– Market Assessments– Progress of Master Plan Projects
• Review Cargo Throughput Expansion Studies– Turning Notch Expansion– Channel Deepening and Widening
• Discuss Infrastructure Investment vs. Revenue Return
Page 2 May 4th, 2010
Conservation Easement – Upland Enhancement
• 8.68 acres is replaced with approximately 16.5 acres
Page 3May 4th, 2010
Conservation Easement – Upland Enhancement
• Existing 48.48 acres of Conservation Easement changes to approximately 60 acres of Fee Simple Area
Page 4May 4th, 2010
UPDATED MARKET ASSESSMENTS
Page 5May 4th, 2010
Containerized Cargo
Page 6
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
FY 28/29:2.4 million TEUs
FY 08/09 Actual Throughput*
*
May 4th, 2010
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
2006 Forecast for 20262.7 million TEUs
2006 Forecast for years- FY 2008/09, 2012, 2016 & 2026
**
*
Containerized Cargo
*
*
FY 08/09 Actual Throughput*
Page 7Page 7
*
May 4th, 2010
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
Year
Total Drybulk
Total Neo Bulk
Total Tons
FY 28/29:7.6 million tons
Dry Bulk and Neo-Bulk Cargo
* FY 08/09 Actual Throughput
*
Page 8May 4th, 2010
Dry Bulk and Neo-Bulk Cargo
2006 Forecast for years- FY 2008/09, 2012, 2016 & 2026
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
Year
Total Drybulk
Total Neo Bulk
Total Tons
2006 Forecast for 20268.0 million tons
**
*
*
*
* FY 08/09 Actual Throughput
Page 9
*
May 4th, 2010
0
50
100
150
200
250
300
350
400
450
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2019
2024
2029
Avgas
Crude Oil
Asphalt
Propane
Fuel Oil
Diesel/Biodiesel
Jet & Kerosene
Gasoline/Ethanol
FY 28/29:323,000 barrels per day
Liquid Bulk (Petroleum)
*
* FY 08/09 Actual Throughput
Page 10May 4th, 2010
2005 Forecast for 2020435,000 barrels per day
0
50
100
150
200
250
300
350
400
450
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2019
2024
2029
Avgas
Crude Oil
Asphalt
Propane
Fuel Oil
Diesel/Biodiesel
Jet & Kerosene
Gasoline/Ethanol
* * *
Liquid Bulk (Petroleum)
*
*
* FY 08/09 Actual Throughput
2005 Forecast for years- FY 2008/09, 2010, 2015 & 2020
Page 11
*
May 4th, 2010
* Multi-Day & Daily Revenue Passengers
FY 28/29:5.1 Million Passengers *
Cruise
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
Cruise Passengers
*
* FY 08/09 Actual Throughput
Page 12May 4th, 2010
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
Cruise Passengers
**
*
2006 Forecast for 20267.0 Million Passengers * Cruise
* Multi-Day & Daily Revenue Passengers
*
* FY 08/09 Actual Throughput
* 2006 Forecast for years- FY 2008/09, 2012, 2016 & 2026
Page 13
*
May 4th, 2010
Comparison of 2006 Master Plan (for 2026) and 2009 Master Plan Update (for 2029)
Page 14
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2026 2,734,704 8,028,035 22,489,376 6,986,711
2029 2,401,230 7,625,627 16,699,008 5,161,118
Containerized Cargo (Tons)
Dry Bulk /Neo-Bulk Cargo
(Tons)
Petroleum (Tons)
Cruise (Passengers)
May 4th, 2010
PROGRESS OF MASTER PLAN PROJECTS
Page 15May 4th, 2010
Progress of Master Plan Projects
Page 16May 4th, 2010
Eller Drive Overpass• Construction start in 2011• Initiates rail to Southport via a grade
separated rail/roadway crossing
Page 17May 4th, 2010
Midport Roadway (Eller Drive) Improvements
• Completed and in operation• Added taxi staging lane and traffic
improvements
Page 18May 4th, 2010
Page 19May 4th, 2010
McIntosh Road Improvements
• Design in progress• Construction procurement to begin Jan 2011• Provides right hand turns for trucks into
container terminals• Adds truck queuing lanes
Page 20May 4th, 2010
Page 21May 4th, 2010
Intermodal Bridge
• Construction complete in June 2010• Connects Midport cargo terminals to Southport
terminals without re-entering security gate
Page 22May 4th, 2010
Page 23May 4th, 2010
Cruise Terminal 18 Expansion• Completed and in operation• Homeport to the world’s largest cruise ship
Page 24May 4th, 2010
Page 25May 4th, 2010
By-Pass Road• Design in progress• Phase 1 construction procurement to begin Jan 2011
• Carves out Convention Center traffic• Phase 2 construction procurement to begin Sept 2012
• Connects public traffic from SE17 Street to U.S.1
Page 26May 4th, 2010
Page 27
Phase 1
May 4th, 2010
Page 28
Phase 2
May 4th, 2010
Cruise Terminal Improvements at CT2, CT19, CT21 & CT26
• Carnival Corp. Agreement • In planning• Improves and enlarges operational areas at
cruise terminals
Page 29May 4th, 2010
World’s Busiest Cruise DayMarch 20th, 2010
53,265 Passengers
Page 30May 4th, 2010
Southport Container Yard Improvements
• Under construction (to be completed in Sept 2010)• 41 acres of container storage yards
Page 31May 4th, 2010
Page 32May 4th, 2010
Airport – Seaport Coordination on Object Heights
Page 33
To allow for higher air draft vessels and larger cranes at Midport and Southport
May 4th, 2010
REVIEW CARGO THROUGHPUT EXPANSION STUDIES
Page 34May 4th, 2010
Southport Cargo Expansion Recommendation:Increase Cargo Throughput Capacity
• Berth– Increase berth utilization and crane productivity– Increase berth length to allow
• More ship calls• Berthing flexibility
– Increase water depth• Accommodate larger, deeper draft vessels
• Yard– Increase container storage density in terminal yards
• Rail/Intermodal– Implement Intermodal Container Transfer Facility– Implement Crushed Rock/Aggregate Import Facility
Page 35May 4th, 2010
Increase Berth Capacity:Two Infrastructure Investment Studies
• Turning Notch Expansion (at Existing Water Depth)– To add berth length and flexibility in berthing various size vessels to
accommodate additional capacity• 730,000 TEUs of containerized cargo• 4,000,000 Tons of bulk cargo
• Channel Deepening and Widening– To accommodate larger, deeper draft vessels
• Additional 200,000 TEUs of containerized cargo capacity• Retain existing customers• Attract new customers
Page 36May 4th, 2010
Today
Page 37May 4th, 2010
Turning Notch Expansion
Page 38May 4th, 2010
Page 39May 4th, 2010
INFRASTRUCTURE INVESTMENT VS. REVENUE RETURN
Page 40May 4th, 2010
Increase Berth Capacity:Turning Notch Expansion (at Existing Water Depth)
• Cost– Project Cost $
119.5 M– Less Projected State Grants $ (30.2)M– Less Federal Fund $ 0 M– Cost to Port $
89.3 M
• Schedule– Start operations in 2017– Full use operations in 2024
• Additional Gross Revenue at Full Use– $37.72 M per year– Revenue Supported by Market
Assessment
Page 41May 4th, 2010
Turning Notch Expansion
Increase Berth Capacity:Turning Notch Expansion (at Existing Water Depth)
• Payback Period Based on Net Revenue– 16.27 years
• Broward County Economic Impact– 3,843 Local Jobs– $9.4 Million per year in Local Taxes– $173.6 Million per year in Economic
Activity
Page 42May 4th, 2010
Turning Notch Expansion
ACOE Deepening and Widening Study
Description of Process:
• NED - National Economic Development Plan maximizes project benefits. Project benefits based only on waterborne transportation savings over a 50-year planning horizon.
• Feasibility Report and Environmental Impact Statement - Report and EIS are combined to address all potential plans, impacts, benefits, and costs. Record of Decision (ROD) to be signed by ASA of ACOE
• Congressional Authorization – Federal Law, normally via Water Resources Development Act
• Funding – Line Item Appropriation provided in Federal Law, normally Energy and Water Appropriations Act
Page 43May 4th, 2010
PORT EVERGLADES Draft NED Plan
May 4th, 2010
ACOE Deepening and Widening Study
Current Status: Draft Recommended Plan
• 50-foot Channel Depth to Southport
• $255 Million Project Cost
• $155 Million Federal Cost
• $100 Million Port Cost– $23 Million Potential Additional Cost to Port
• Benefit / Cost Ratio – 2 to 1
Page 45May 4th, 2010
ACOE Deepening and Widening Study
Schedule• Mar 2011 - Draft Report to include Broward County support letter• Public comments• Nov 2012 - Final Report to include Broward County support letter• Oct 2013 - Authorization• Nov 2012 - Design Agreement to include Broward County financial
commitment for design• Nov 2012 - Design Start• Jun 2014 - Design Complete• Jun 2014 - Project Partnership Agreement to include Broward County
financial commitment for construction• Jan 2015 - Construction Start• Jan 2017 - Construction Complete
Page 46May 4th, 2010
Increase Berth Capacity:Channel Deepening and Widening
• Cost– Project Cost $
255 M– Less Projected State Fund (uncertain)– Less Projected Federal Fund $ 155 M– Cost to Port $
100 M– Potential Add’l Cost to Port $ 23 M
• Schedule– Start operations in 2017– Full use operations in 2020
• Additional Gross Revenue– $7.54 M per year– Deeper Water to Retain Existing
Customers/Attract New Customers
Page 47May 4th, 2010
Channel Deepening and Widening
Increase Berth Capacity:Channel Deepening and Widening
• Payback Period Based on Net Revenue– 43 years
• Broward County Economic Impact– 1,037 Local Jobs– $2.6 Million per year in Local Taxes– $43.3 Million per year in Economic
Activity
Page 48May 4th, 2010
Channel Deepening and Widening
No-Build Impact
• Unable to Meet Market Forecast– 1.9 M TEU (year 2020)– 2.4 M TEU (year 2029)
• No Capacity to Handle Potential– 930,000 TEUs of containerized cargo– 4,000,000 Tons of bulk cargo
• Potential Loss of Existing Customers
• Loss of Potential Gross Revenue of $45.26 M per year
• Lost Opportunity for Broward County Economic Benefits– 4,880 Local Jobs– $12 Million per year in Local Taxes– $217 Million per year in Economic Activity
Page 49May 4th, 2010
Today
Moving Forward
• Turning Notch Expansion– Board approval of agreement with Florida Department of
Environmental Protection on release of Conservation Easement– Include the projects in Port’s 5-year Capital Improvement Program
• Channel Deepening and Widening– Continue with fully funded ACOE study
Page 50May 4th, 2010