The rebuild at the Mississippi State Port Authority at Gulfport (MSPA) is anticipated to create more jobs once the Port restoration is complete and the Port reaches its estimated capacity of one million TEUs (twenty foot equivalent units). Currently the Port has approximately 1,200 direct jobs. Our commitment to the U.S. Department of Housing and Urban Development is that the Port will add another 1,200 jobs within three years of completion of the restoration.
One of the Port’s restoration goals is achieving a deeper channel. We are working with Mississippi’s Congressional delegation on efforts to secure additional maintenance funding as well as authorization and funding to deepen the Gulfport channel from 36 to 45 feet.
It is anticipated that after the rebuild, the Port will to generate an annual revenue of $10 billion in added personal income and $1.6 billion in direct revenue to the local economy.*
The Port Restoration Program currently has underway more than $57 million in construction projects.
In 2013 the Port of Gulfport handled more than 200,000 TEUs and moved more than two million tons of cargo through the Port.
* Economic benefits from a similar project based on an estimated capacity of one million TEUs after the Port restoration and expansion is completed.