HOUSTON, Nov. 19, 2013 (GLOBE NEWSWIRE) -- Vice President Joe Biden visited the Port of Houston Authority's Bayport Container Terminal Monday to highlight the importance of ports and the Panama Canal expansion. His next stop is Panama, where he will tour the expansion project, set for completion in 2015.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=22289
Biden focused on investments in the Port of Houston that have triggered a 48 percent increase in exports. He also acknowledged the port is responsible for almost $500 billion of economic activity annually, which contributes more than two million jobs around the country.
"Infrastructure matters and ports matter the most," Biden said. "Investing in infrastructure is how you create jobs, and that's the secret of the journey of America."
Forecasts indicate that by 2035, the number of containerized exports from Houston to Asia via the Panama Canal will increase more than five times what is exported through the port today.
Biden was joined by Secretary of Transportation Anthony Foxx and a delegation of elected officials from across the nation. The Vice President also highlighted the $10 million TIGER Grant recently awarded to the Port Authority for expanding the wharf at the Bayport Container Terminal.
During his visit, Biden consulted with the Port Commission Chairman Janiece Longoria and other local and federal leaders, including Congressional members Gene Green, Sheila Jackson Lee and Al Green, regarding their vision for the region for job creation, economic growth and infrastructure development.
About the Port of Houston Authority
For nearly 100 years, the Port of Houston Authority has owned or operated the public cargo-handling facilities of the Port of Houston – the nation's largest port for foreign waterborne tonnage. The port is an economic engine for the Houston region, the state of Texas and the nation. It supports the creation of more than one million statewide jobs and more than 2.1 million nationwide jobs, and the generation of economic activity totaling more than $178.5 billion in Texas and $499 billion across the nation. For more information, visit the Port Authority website at: www.portofhouston.com.
The Port of Houston Authority logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=719
The photo is also available via AP PhotoExpress.
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Source:Port of Houston Authority