Ala. Port Authority OKs Sharply Reduced Spending

By: | WKRG-TV
Published: October 28, 2009

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Mobile, Alabama - The Alabama State Port Authority has approved a $53 million capital spending budget for 2010, sharply reduced from last year, as it tries to build up cash reserves.

The amount is less than a third of what it spent in 2009, and state docks director Jimmy Lyons says that amount could shrink further.

The biggest items on the 2010 budget include $16.3 million for completion of the Pinto Island terminal, nearly $4 million in McDuffie Coal Terminal upgrades and $1.2 million for a container terminal access road.

The $86 million Pinto Island Terminal being built to serve ThyssenKrupp is more than 90 percent complete.

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Information from: Press-Register, http://www.al.com/mobileregister