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June 17, 2008

Port fee to help raise $3 billion

By Art Marroquin

INFRASTRUCTURE: Container charge will be matched by proposition funds for overhaul of roads, bridges.

The Los Angeles City Council on Tuesday approved a fee that's expected to raise $1.4 billion for bridge, railway and road improvements at the ports of Los Angeles and Long Beach.

The proposal calls for placing a $15 charge on all loaded 20-foot cargo containers entering or leaving the port by truck or train beginning Jan. 1, 2009. The fee will be lifted in about seven years, when the infrastructure projects are scheduled for completion.

Full Story...

Posted by boyang at June 17, 2008 2:51 PM