Port of Corpus Christi Authorizes $27M in Revenue Bonds for Infrastructure Projects

In June, the Port of Corpus Christi approved a bond resolution authorizing the port to issue up to $27 million in revenue bonds to help with major infrastructure projects, including the Corpus Christi Ship Channel.

At the epicenter of the port’s 10-year capital investment program is the deepening and widening of the Corpus Christi Ship Channel. Currently at a depth of 45 feet, the channel will be dredged to 54 feet to accommodate Suezmax and larger vessels, and widened to 530 feet to allow for two-way traffic flows, positioning the Port of Corpus Christi as the deepest draft navigation port in the U.S. Gulf. These enhancements are designed to handle the growing export volumes of U.S. crude and natural gas, which the port said have propelled it to become the largest energy export port in the U.S. by volume.