Business and Finance

Port Everglades Updates Master Plan

The Broward County board of county commissioners which governs Port Everglades approved the port’s 2013 master plan on June 24 which outlines its plan for growth over the next 20 years. It identifies $1.6 billion in capital investment to improve productivity for cargo as well as cruise and petroleum businesses.

Market assessments critical to identifying the port’s future infrastructure needs predict steady growth in all business sectors at Port Everglades.

Port Everglades is expected to continue as Florida’s leading containerized cargo port reaching 1.7 million TEUs in 2033 compared to 943000 TEUs expected during FY2014.

The planned capital improvements include deepening and widening the navigation channels and lengthening the Southport Turning Notch from 900 to 2400 feet to add up to five new cargo berths.