Matthew Marchese, Director of Debt and Treasury Management
Port of Los Angeles Investor Relations
Port of Los Angeles Investor Relations
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The primary goal of this proposed $44.8 million project is to comply with the Marine Oil Terminal Engineering and Maintenance Standards (MOTEMS) to protect public health, safety, and the environment. Work includes demolition of the existing timber wharves, and replacing the structure with a new concrete loading platform, access trestle, mooring dolphins, and steel catwalks. The proposed project would also include a new 30-year lease. Construction started July 2021, with completion by 2024.
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