AAPA Seaports Advisory

Finance: Houston

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Houston Port Commission Approves 2016 Port Authority Budget

The Port of Houston Authority’s fiscal year 2016 operating and capital budget was approved Tuesday, November 17, during a special meeting of the port commission.

Solid financial performance is expected to continue in 2016 with projections by the port authority of revenue growth after a very strong fiscal 2015 in terms of cargo tonnage. Total revenues are projected to increase by 2 percent next year to nearly $301.5 million.

Cash flow generated in 2016 will help support a capital improvement program of $314 million that includes strategic projects to support new growth opportunities, along with recapitalization projects and channel projects to benefit the entire Houston Ship Channel.

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