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PORT EVERGLADES, FL: May 24, 2017. Port Everglades is to invest US$437.5 million to add new berths for larger cargo vessels and install crane rail infrastructure for new Super Post-Panamax cranes.

According to the port management, the expansion project is the most expensive capital improvement in Port Everglades' history and is designed to meet current and future demand for terminal space at Florida's leading port for containerized traffic.

Port Everglades 1The two-part project includes lengthening the existing deepwater turn-around area from 900 feet to 2,400 feet, which will allow for up to five new cargo berths; and extending the existing gantry crane rails the full length of the turning berth area to better utilize the existing cranes.

Approval to purchase three new Super Post-Panamax gantry cranes to be delivered in 2019, and an option to purchase two or three additional cranes, is expected later in this year.

"The Southport Turning Notch Extension was identified as a critical project in our 2006 Master/Vision Plan. We will now be able to meet the demands of our current customers and work with them to grow their businesses, in addition to providing the infrastructure necessary to attract new customers," said  Port Everglades CEO Steven Cernak.

Located within the cities of Fort Lauderdale, Hollywood and Dania Beach, the port handles more than one million TEUs a year in one of the world's largest consumer regions, including a constant flow of approximately 110 million visitors statewide and six million residents within an 80-mile radius.

With direct access to the U.S. Interstate highway system and the Florida East Coast Railway's 43-acre intermodal container transfer facility, the port is self-funding and had revenues of US$163 million in its last fiscal year ending September 30, 2016. It does not rely on local tax dollars for its operation.

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