Home > Harbor News > Crude by Rail could bring $143 million to the area

Crude by Rail could bring $143 million to the area

October 18, 2013

Following the announcement that the Shorelines Hearing Board would be revoking permits for two planned oil-train terminals in Grays Harbor after deciding the projects need more study, a report from Greater Grays Harbor, Inc says that the projects would be an asset to the area financially.

In a release by GGH, the proposed expansions by Westway Terminal and Imperium Renewables will result in $143.3 million in direct private investment and economic output to the community, according to a new study conducted by ECONorthwest. Together, these projects mean hundreds of family-wage jobs for the community and millions more in annual income.

The report examined the fiscal impacts to the region throughout construction and during the first year of expanded operations.

“This analysis proves that the expansion proposals put forward by Westway and Imperium Renewables are in the best economic interest of the Grays Harbor community,” said Tim Gibbs, CEO of Greater Grays Harbor, Inc. “One look at these numbers and it’s clear that the proposals are a win for Gray Harbor.”

The expansions are projected to bring 303 direct and indirect jobs to the area. According to the report, the terminal, rail and marine jobs created through these projects will pay significantly above the Grays Harbor County average. Construction at the port will also require the hiring of 231 workers.

“Since 2008, we’ve taken pride in providing family-wage jobs to the Grays Harbor community. With this expansion, Westway can grow our operations and strengthen our commitment to the safety of our employees and our neighbors,” said Gene McClain, CEO of Westway Terminal Company LLC. “We’re happy to see our dedication to Grays Harbor reflected in the economic impact statement.”

In addition to employment, GGH says that the infrastructure improvements will enable the port to handle increased exports and better handling of domestic energy supplies.

The projects are currently in the permitting stage and are expected to be completed in 2016.

Port of GH 2013

Categories: Harbor News
%d bloggers like this: