Port of Davisville Infrastructure Rehabilitation/Replacement - - PowerPoint PPT Presentation

Port of Davisville Infrastructure Rehabilitation/Replacement Program

February 2016

Port of Davisville RI’s only Public Port

• One of the Top 10 auto import locations in

North America

• 2015 sixth consecutive record breaking

year

• A record 193 ship calls in 2015
• 227,021 autos imported in 2015
• Additional 42,150 auto by rail and truck
• The Port of Davisville now handles more

than six times the volume of automobiles shipped there in 1996, a 547% increase

• Port of Davisville represents nearly half of

import vessel calls into Narragansett Bay

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45% 55%

2015 NARRAGANSETT BAY IMPORT VESSEL ARRIVALS

Port of Davisville Other RI Terminals and Ports

Port of Davisville Economic Impact

R/ECON Input-Output Model analysis of 2014 cargo activity:

• $333 million in business output
• Over 1,500 direct, indirect and induced jobs
• $97 million in household earnings
• $17 million in state taxes
• $10 million in local taxes

SOURCE: Economic and Tax Effects on the Rhode Island Economy of Major Business Activity at the Port of Davisville in 2014, FXM Associates, November 4, 2015

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Port of Davisville – Pier 2

Pier 2

• Constructed:

1956/1957

• Type: Earth Filled

Marginal Wharf

• Use: Public Port
• Design Life:

50 years

• Age: 60 years

PIER 2

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Port of Davisville Pier 2 – Rehabilitation Cost

Pier 2: Rehabilitation $82 million (2015 $’s) 975 construction jobs resulting from this investment

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Port of Davisville - Pier 2 Rehabilitation

• Phase 1: Engineering and Permitting $ 4,000,000
• Phase 2: Dredge East Berth

$ 3,800,000

• Phase 3: Construct East Berth $16,100,000

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Port of Davisville - Pier 2 Rehabilitation

Phase 4: Install New Sheet Pile South Side $37,800,000 Phase 5: Install New Sheet Pile East Side $20,300,000

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South Berth Construction East Berth Construction

Port of Davisville - Pier 2 Rehabilitation

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Estimated impact of Annual Inflation of 2.00% 2.00% 4.0400% 6.1208% 8.2432% 10.4081% 2016 2017 2018 2019 2020 2021 Total Design & Permitting of Pier 2 $4,000,000 $4,080,000 $4,080,000 Pier 2 Improvements Dredging $3,800,000 $4,032,590 $4,032,590 Pier 2 Extension $16,100,000 $17,085,449 $17,085,449 New Anchored HZ-M Bulkhead Pier 2 South Face $37,800,000 $40,915,936 $40,915,936 New Anchored HZ-M Bulkhead Pier 2 East Face $20,300,000 $22,412,840 $22,412,840 Total $82,000,000 $4,080,000 $0 $21,118,039 $40,915,936 $22,412,840 $88,526,815

Port of Davisville - Pier 2 Rehabilitation

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Total Project Cost: ($90,000,000) Source of Funds: Proposed General Obligation Bond $70,000,000 *Kushner Approved Revenue Bond $20,000,000

* The revenue bond will be repaid exclusively by the QDC and port users. It will fund a portion of the port improvement initiative at no cost to state taxpayers.