The Philadelphia Regional Port Authority (PRPA) has issued a Request for Expressions of Interest (REI) for the development of its Southport Terminal Complex, according to a statement.
The complex, located on the Delaware River in South Philadelphia, is comprised of the 119-acre Southport Marine Terminal , the 75-acre Southport West Terminal, and Pier 124 North Berth, which is a 1,132-foot long finger pier adjacent to the 119-acre site, the statement said.
The REI invites respondents to submit development concepts for one, two or all of the three sites, as the PRPA seeks interested parties to explore entering into one or more public-private partnerships (PPPs, P3) for the design, build, finance, operation and maintenance of the three available sites.
PRPA said in the statement that it encourages respondents not to feel constrained by previously-envisaged uses for the Southport sites, given that permitting, pre-construction, and site configuration work has already been undertaken by the Commonwealth of Pennsylvania at each of the sites.
The Southport sites are centrally located to efficiently serve one of the most densely populated consumer markets in the US. The Port of Philadelphia and its neighboring ports from New Jersey to Maryland transported a combined 6 million TEU’s (twenty foot equivalent units) of import and export merchandise in 2013, according to the American Association of Port Authorities.
The area surrounding the Southport Terminal complex includes substantial highway, rail, and water access, including rail yards serviced by two Class-One railroads (Norfolk Southern and CSX) and a federal navigation channel currently being deepened to 45 feet, the statement added. Further, a newly-built four-lane road connects the Southport sites to Interstate highways I-76 and I-95.
“Southport’s time has finally come, and we look forward to establishing a productive public-private partnership with one or more interested parties to develop and operate these top-notch sites,” said PRPA chairman Charles G. Kopp, in the statement.
“With industrial-zoned waterfront land at an absolute premium along the Eastern Seaboard of the United States, I know that this substantial acreage, with its many inherent qualities and fine location, will prove a great asset to the right company or companies,” he added.