PORT CITRUS FEASIBILITY STUDY

Transcription

1 Presented to: CITRUS COUNTY PORT AUTHORITY APRIL 17, 2012

2 Presentation Agenda Team Introduction Review of Project Understanding Study Methodology Phase 1 Phase 2 Phase 3 Phase 4 Conclusion 2

3 Team Introduction Rick Ferrin Project Manager Matt Gehman Port Planner Dennis Sheridan Economist Frank Schiraldi (Hoyle Tanner & Assoc.) Civil Engineer 3

4 Review of Project Understanding Nine Purposes of the Feasibility Study Barge canal evaluation Market/cargo analysis Infrastructure assessment and identification Financial analysis Feasibility, O&M budget, capital expansion budget, funding sources Master plan framework construction Marketing strategy outline Policy consideration identification Legal/legislative requirement identification Regional economic impact determination Jobs, taxes, payroll 4

5 Study Methodology Phase 1 Market Research cargo flow analysis, identification of viable opportunities (niches) Phase 2 Port/Intermodal Infrastructure Identification phased by demand and availability of capital Phase 3 Financial Viability Determination operational revenue versus capital investment debt service and operating and maintenance costs Phase 4 Economic Impact Determination jobs (direct/indirect/induced), payroll, taxes paid 5

6 Phase 1 Market Research cargo flow analysis, identification of viable opportunities (niches) 6

7 Our Overall Approach To A Credible Market Strategy for Port Citrus as a Niche Barge Port for Local and Regional Commerce Project Team Kick-Off Meeting with Port Citrus Analysis of Local, Regional, National and International Trends Interviews to Identify Specific Market Opportunities Define Future Market Opportunities and Timelines Economic Impacts by Market Opportunity and Timeline Financial Feasibility and Funding Sources 7

8 Can Port Citrus Connect into the Panama Canal System? Container-on-Barge Shuttle Service? Tampa Port Citrus? 89 Miles by Road Container Barge Service between Norfolk, VA and Richmond, VA 92 miles by Road Osprey Line barge service between Houston, New Orleans & Memphis, and other ports Stockton, CA Oakland, CA Marine Highway Barge Service 72 miles by Road 8

9 Evaluate Port Citrus and the M10 Marine Highway Cross-Gulf Container Expansion Project Port Manatee, FL to Port of Brownsville, TX 9

10 Evaluate Impact of Florida s Inland Port and Freight Infrastructure Trends on Port Citrus Ocala on I-75 Corridor less than 1 hour by road from Port Citrus Opportunity to Integrate M-10 Marine Highway with I-75 Corridor via Port Citrus and Ocala 10

11 Can Port Citrus Target Local/Regional Project Cargo? Customized shipments of heavy and over-sized pieces of equipment, machinery and materials Examples construction equipment, power plant equipment, and windmill turbines and blades Heavy Lift Barge Source: Crowley Marine Heavy Lift Barge Source: McDonough Marine Service 11

12 Define Future Opportunities by Time Horizon. Market Opportunity Short Term Medium Term Long Term will drive planning of port infrastructure 12

13 Local Knowledge and Expertise 13

14 Phase 2 Port/Intermodal Infrastructure Identification phased by demand and availability of capital 14

15 Planning Tasks 15 Determine physical characteristics Land use, road access, water access and existing utilities Determine cargo terminal requirements Based on cargo forecasts Preliminary design of infrastructure and proposed terminal facilities Determine cargo throughput capacities Determine project-wide construction costs Identify facility phasing program based on market analysis Identify permitting requirements

16 Port Citrus Design Barge Criteria No Intra Coastal Waterway Between Tampa and Carrabelle, FL Vessels accessing Port Citrus Project Site will be Required to Transit Open Ocean Maximum Canal Draft is 12 Maximum existing canal width is 150 Measured from toe of slope to toe of slope Use Army Corp of Engineers Layout and Design of Shallow-Draft Waterways Engineering Manual as preliminary reference 16

17 One-Way Vessel Traffic Channel Width Design Criteria Design Ship Beam Multipliers for Maximum Current, Knots Channel Cross Section 0.0 to to to 3.0 Constant Cross Section, Best Aids to Navigation Shallow Canal Trench Variable Cross Section, Average Aids to Navigation Shallow Canal Trench U.S. Army Corp of Engineers, Engineering Manual,

18 Ocean Going Barge Dimensions (12 Max Draft) Barge Size Cargo Capacity in Tons Based on Freeboard Height X X50 1,900 1,600 1, X60 2,150 1,820 1,460 18

19 Ocean Going Barge Types Articulated Barge Double Raked Barge Super Jumbo Hopper Barge Tank Barge 19

20 Phase 3 Financial Viability Determination operational revenue versus capital investment debt service and operating and maintenance costs Phase 4 Economic Impact Determination jobs (direct/indirect/induced), payroll, taxes paid 20

21 Financial Feasibility of Port Citrus Investment by market opportunity Investment in related infrastructure Access roads, utilities, etc. Revenue streams Operating costs Operating structure Funding 21

22 Determine Economic Impacts by Opportunity, Project Phase and Timeline Jobs, Business Revenue, Personal Earnings, and Tax Revenue Economic Impacts determined by: Benchmarking of similar niche ports and interviews PortKit Economic Model from U.S. Maritime Administration Market Opportunity Short Term Medium Term Long Term 22

23 Conclusion 23 Study Purpose Study Phase Team Member Barge canal evaluation Phase II Matt Gehman Market/cargo analysis Infrastructure assessment and identification Phase I Phase II Dennis Sheridan & Frank Schiraldi Matt Gehman Financial analysis Phase III Dennis Sheridan & Rick Ferrin Master plan framework construction Phases I & II Dennis Sheridan, Matt Gehman, Rick Ferrin & Frank Schiraldi Marketing strategy outline Phases I & II Dennis Sheridan Policy consideration identification Legal/legislative requirement identification Regional economic impact determination N/A Phase II Phase IV Rick Ferrin Matt Gehman, Rick Ferrin & Frank Schiraldi Dennis Sheridan

24 Conclusion The TranSystems team is the best team for Citrus County Tailored, specific approach for this study Professionals with experience in all areas of the study Expertise in execution of port strategies, not just advisors Thank you! Questions? 24