Approximately 42 acres of port property will be leased by TSJV to accommodate a rail unloading facility, storage tanks and a vessel loading area. The estimated capital investment by TSJV is $100 million, and revenue to the port over the 10-year lease period is expected to exceed $45 million.The facility also is expected to create between 80 and 120 permanent jobs and 250 temporary construction jobs.
With lease approval, the project now moves into the environmental permitting process. Washington State’s Energy Facility Site Evaluation Council will act as the lead agency for local and state permits. Following an extensive review, the agency will make a recommendation to Gov. Jay Inslee.
The companies hope to launch the terminal in 2014.
