The US Port of Vancouver, in Washington state, has announced a 2018 budget of $68.5m for 2018, down by nearly $17m from the 2017 amount.
Unanimously approved by the port’s board of commissioners, the budget projects operating revenues of $38.22m, up 3% on estimates for revenue this year.
But the $16.7m reduction in budget from year to year is mainly because of the completion of two big building projects at the port – the West Vancouver Freight Access (WVFA) development and the Centennial Industrial Building, a 125,000-square foot light-industrial facility with capacity for five tenants.
Vancouver USA, not to be confused with its Canadian namesake, is one of the major ports on the Pacific coast of North America.
