The Port of Corpus Christi will receive $8.25 million in economic stimulus funds from the Texas Transportation Commission, according to an announcement after a meeting with State Senator Juan “Chuy” Hinojosa, D-McAllen, and Port Chairman Ruben Bonilla.
The money will go toward completion of the Joe Fulton International Trade Corridor, which will cost a total of $15 million. The Corpus Christi Metropolitan Planning Organization will contribute $3 million of its stimulus funds and the Port of Corpus Christi will add the remaining $3.75 million to complete the amount needed.
“It’s important we complete the Fulton Corridor as soon as possible as a matter of safety, connectivity and economic development,” said Bonilla. “We have attracted a $3 billion investment to the port on property now accessed by the improved Fulton Corridor so it is imperative we keep the momentum to realize the project.”
The funds will help to repave 2.25 miles of roadway and to provide for an asphalt surface treatment for the eastern portion of the roadway.
The Joe Fulton International Trade Corridor project, on the north side of the Inner Harbor of the Port of Corpus Christi, consists of almost 12 miles of new and existing roadway coupled with seven miles of new rail line. The project will provide an additional four miles of frontage and 630 acres along the ship channel for development and will improve access to existing property. The 630 acres offer one of the few remaining industrial sites in America served by a 45–foot deep channel and designated a State Strategic Investment Area with Franchise tax credits available for job creation, investment and research.