A new partnership between Tradepoint Atlantic and Terminal Investment Limited (TIL) has been announced aiming to the development of a new box terminal at the port of Baltimore in the United States.
State and local leaders have agreed to support the continued development of the port. The partnership of Tradepoint Atlantic and MSC’s terminal subsidiary aims to create a 265,000m² on-site rail served container terminal at Coke Point.
This project is expected to create 1,000 new jobs in the area, according to Governor of Maryland, Larry Hogan, who welcomed the expansion of the Port of Baltimore and said, “Tradepoint Atlantic has quickly become a transformational force as one of North America’s most strategic and versatile commercial gateways and a magnet for major companies like Amazon, BMW, FedEx, and Volkswagen to build and expand their footprint in the region.”
He added, “It has also solidified the Port of Baltimore’s status as one of the best ports in America, and today we are celebrating a joint partnership between Tradepoint Atlantic and Terminal Investment Limited, which will further expand the growth and competitiveness of the Port with the addition of an on-site 165-acre rail served container terminal.”
To support this partnership, Governor Hogan, Baltimore county executive Johnny Olszewski, and Baltimore City mayor Brandon Scott have signed a Memorandum of Understandning (MOU) between the State of Maryland, Baltimore County, and Baltimore City to promote a collaborative process between the three jurisdictions and continue supporting the growth of the port of Baltimore.
Last November, the governor broke ground on the Howard Street Tunnel expansion project, which will reconstruct the tunnel to accommodate double-stacked container trains to and from the Port.
