Corpus Christi Livability Summit October 15, 2014 Frank C. Brogan Managing Director 1
PORT POLITICAL STRUCTURE Governed by Appointed 7-Member Commission City of Corpus Christi (3) Nueces County (3) San Patricio County (1) 2014 Port Commission Judy Hawley - Chair Richard Borchard Vice Chair Charlie Zahn - Secretary Al Jones Barbara Canales David Engel Richard Valls 2
THE PORT HAS EXPERIENCED SUBSTANTIAL GROWTH In the Last Decade Diversification of Cargo Big 3 from 61% to 40% of Revenue Operating Revenues from $28 to $77 Million Total Assets from $212 to $434 Million Capital Expenditures in Port Infrastructure $261 Million Environmental Investments $20 Million 3
PORT OF CORPUS CHRISTI Fifth Largest U.S. Port By Tonnage Approx. 88,700,000 Tons/Year 48 Private & Public Docks 45-Ft Deep Channel Existing 52-Ft Deep Channel Authorized & Permitted 4
2014 BUDGET Total Revenues Total Expenses Income Total Capital Projects Total Maintenance Projects $75.3 Million $49.5 Million $25.8 Million $56.5 Million $ 3.7 Million 5
FACILITIES & ASSETS 40 Miles of Ship Channel 17,700 Submerged & 7,286 Upland Acres 48 Docks & 528,800 Sq. Ft of Warehouse Space 43 Miles of Railroads $434 Million Total Assets 6
PLANNING FOR THE FUTURE Completed Completed Under Way Future 7
CORPUS CHRISTI SHIP CHANNEL 8
EAGLE FORD SHALE PRODUCTION NIGHT-TIME VIEW 9
EAGLE FORD SHALE PLAY WILL EXTEND INTO MEXICO 10
300,000,000 INBOUND OUTBOUND CRUDE 2007-2011 250,000,000 200,000,000 Barrels 150,000,000 100,000,000 50,000,000-2007 2008 2009 2010 2011 2012 2013 2014 Total 213,940,491 187,196,246 170,992,210 175,055,204 151,819,987 Inbound 213,781,428 187,004,139 170,654,320 174,781,128 149,791,585 Outbound 159,063 192,108 337,889 274,076 2,028,402 11
INBOUND OUTBOUND CRUDE 2000-2011 300,000,000 250,000,000 200,000,000 Barrels 150,000,000 100,000,000 50,000,000-2007 2008 2009 2010 2011 2012 2013 2014 Total 213,940,491 187,196,246 170,992,210 175,055,204 151,819,987 151,786,318 Inbound 213,781,428 187,004,139 170,654,320 174,781,128 149,791,585 108,065,777 Outbound 159,063 192,108 337,889 274,076 2,028,402 43,720,541 12
300,000,000 INBOUND OUTBOUND CRUDE 2007-2013 250,000,000 200,000,000 Barrels 150,000,000 100,000,000 50,000,000-2007 2008 2009 2010 2011 2012 2013 2014 Total 213,940,491 187,196,246 170,992,210 175,055,204 151,819,987 151,786,318 219,999,876 Inbound 213,781,428 187,004,139 170,654,320 174,781,128 149,791,585 108,065,777 97,442,016 Outbound 159,063 192,108 337,889 274,076 2,028,402 43,720,541 122,557,860 13
300,000,000 INBOUND OUTBOUND CRUDE 2007 2014* * Annualized 250,000,000 200,000,000 Barrels 150,000,000 100,000,000 50,000,000-2007 2008 2009 2010 2011 2012 2013 2014(A) Total 213,940,491 187,196,246 170,992,210 175,055,204 151,819,987 151,786,318 219,999,876 270,650,436 Inbound 213,781,428 187,004,139 170,654,320 174,781,128 149,791,585 108,065,777 97,442,016 97,983,641 Outbound 159,063 192,108 337,889 274,076 2,028,402 43,720,541 122,557,860 172,666,796 14
EAGLE FORD SHALE New Demand For American Ships 15
GROWING DIVERSITY Wind Components 2014 FORECAST 16 Vessel Calls 165 Blades 301 Towers 65 Hubs 84 Nacelles 12 Rotors 16
CRUDE OIL, CONDENSATE & LNG PROJECTS Plains Pipeline Trafigura Terminals Castleton Flint Hills Ingleside Flint Hills Expansion Lyondell NuStar Martin Midstream 17
OTHER ENERGY-RELATED PROJECTS Excalibar Minerals Superior Weighting Eagle Materials /Texas Lehigh Kiewit Offshore Gulf Marine Fabricators 18
Future Public Oil Dock Public Oil Dock 14 (M&G) DOCK IMPROVEMENTS INNER HARBOR Castleton New Oil Dock New Texas Lehigh Sand Dock Public Oil Dock 1 Improvements Martin Oil Dock (CD 10) RODMAN Public Oil Dock 5 (Plains) Trafigura Oil Docks 1 & 2 Future Barge Mooring Area Public Oil Docks 3, 4, 7 & 11 Improvements Future Public Oil Dock NuStar Oil Dock (CD 12) 19
DOCK IMPROVEMENTS LA QUINTA CHANNEL Voestalpine Bulk Docks Future Cheniere LNG Docks Flint Hills New West Oil Dock Flint Hills East Oil Dock 20 Upgrade
45,000 40,000 Car data prior to 1997 restated to current operators as best estimates available RAIL TRAFFIC ON THE RISE SINCE 2006 UP KCS BNSF IKE 35,000 30,000 CCPN Starts 8/97 Fulton Corridor Opens 2007 25,000 20,000 UP/SP Merger 8/96 ADM Lease 12/99 Sep 2014 15,000 10,000 5,000-1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 21
PORT RAIL MASTER PLAN 15 10 11 12 13 2 1 3 4 5 6 7 14 9 8 22
NUECES RIVER RAIL YARD PHASE 1: 8000 Unit Train Siding (1) 4200 Interchange Tracks (4) Completion Nov 2014 $18 Million (TIGER Grant) PHASE 2: 8000 Tracks (8 total) Currently Under Design Est. Completion 2016 $28 Million (TxDOT Grant) 23
M&G RESINS USA PET &PTA PLASTICS PLANT M&G Resins USA $750 Million Investment World s Largest PET Plant Air Permit Filed w/tceq 220 Jobs 24
LA QUINTA CHANNEL EXTENSION Extended La Quinta Channel by 1.4 Miles. Construct Ecosystem Restoration to Protect Endangered Species, Wetlands & Seagrass. Total Cost $73 Million $58 M Federal $15 M Port 25
WHAT S NEXT? La Quinta Multi-Purpose Dock & Terminal 26
TPCO AMERICA Phase I Complete Late Summer 2014 Phase 2 Under Way 600-800 New Jobs $1+ Billion Investment 27
Fully Permitted by TCEQ & EPA $740 Million Investment Broke Ground 2014 Operations to Begin by Year End 2015 Approximately 1,400 Construction Jobs & 150 Permanent Jobs VOESTALPINE 28
CHENIERE State & Federal Permitting Under Way 4-5 Year Construction 350 Permanent Jobs 3,000 Construction Jobs $13 Billion Investment Operations to Begin by 2020 29
OXY INGLESIDE ENERGY CENTER Old NSI Base Under Construction $55 Million Investment Starting Operations LPG 2015 Oil 2016 30
PANAMA CANAL EXPANSION New Cargo Opportunities LNG (Export) Coal (Export) Grain (Export) Containers (Import & Export) Project Cargo (Import & Export) 31
PANAMA CANAL EXPANSION 32
PANAMA CANAL EXPANSION 33
CHANNEL IMPROVEMENT PROJECT 34
CHANNEL IMPROVEMENT PROJECT 35
PORTS CURRENTLY AT 45' OR DEEPER Seattle 51' Tacoma - 51' Oakland - 50' Los Angeles 55+ Long Beach 55+ Baton Rouge 45 Boston 45 NY/NJ 50 Baltimore 50 Hampton Roads 55 Houston/ Galveston 45 Corpus Christi 45 Freeport 45 Mobile 45 Charleston 45 South Louisiana 57 New Orleans 50 8 at 45 Feet 10 at 50 Feet or More 36
EXISTING HARBOR BRIDGE Built in 1959 138-Ft Vertical Clearance for Ships 37
EXISTING HARBOR BRIDGE ISSUES Bridge is Too Short Approaches are Too Steep Travel Lanes are Too Narrow Bridge is Old and Requires Constant Repair Over 150 Traffic Accidents Each Year Bridge Classified as Fracture Critical 38
BRIDGE HEIGHTS AT U.S. PORTS Corpus Christi (Existing) Houston Tampa Savannah Galveston (Proposed) New York San Francisco Hong Kong Panama Canal (1962 Bridge) Panama Canal (2004 Bridge) 138 Feet 175 Feet 177 Feet 186 Feet 220 Feet 232 Feet 238 Feet 241 Feet 205 Feet 262 Feet Corpus Christi (Proposed) 205 Feet 39
NEW HARBOR BRIDGE ALIGNMENT 40
TYPICAL MODERN BRIDGE Panama Canal New Bridge 205 Feet (Cable-Stayed Concrete Construction) 41
FUTURE SATELLITE INDUSTRIAL DEVELOPMENTS 42
Thank You! Questions? 43