April 28, 2011 Leave a comment
Bill Lockyer Addresses Pacific Merchant Shipping Association
by Sean Belk, Staff Writer
Before a room full of international trade executives and officials, California State Treasurer Bill Lockyer forewarned of major infrastructure projects – including the Gerald Desmond Bridge replacement project – either being delayed or halted if the state budget doesn’t pass this year.
Lockyer referred to the $950 million bridge project during an industry luncheon in mid April presented by the Pacific Merchant Shipping Association. The event at the Hyatt Regency hotel was attended by roughly 250 people connected to the maritime trade industry.
By all accounts, local, federal and state grants have already been committed for the highly lauded bridge project. The infrastructure improvement is a joint effort between the Port of Long Beach and the California Department of Transportation (Caltrans), along with the U.S. Department of Transportation and the Los Angeles County Metropolitan Transportation Authority. The project, according to port officials, is slated to begin construction either later this year or early 2012. However, Lockyer said the project is “on a list – a wish list.” He added, “Maybe by 2016 it will be completed, but it’s not on any Caltrans list at the moment.”