The Port of Corpus Christi’s Ship Channel Improvement Project (CIP) was included in the fiscal year 2019 Presidential Budget for the first time.
The President’s budget includes USD 13 million in funding for port of Corpus Christi’s CIP in the U.S. Army Corps of Engineers in its civil works budget. Completion of the project will allow the port to increase export volumes of U.S. oil and natural gas.
“This is a historic day for the port and we are honored to have the CIP included in President Trump’s budget,” Sean Strawbridge, Port Corpus Christi CEO, said.
“Our challenge now is to ensure that we have an appropriate level of funds to complete this project in a time frame that ensures the competitiveness of American energy. We look forward to working with our partners at USACE in the days and weeks ahead and commencing next steps of this project as soon as possible,” Strawbridge added.
According to Energy Analysts International, the Port of Corpus Christi exported more than USD 6 billion of crude oil to U.S. trading partners in 2017 contributing to offset the United States trade deficit.