The Port of San Diego’s board of port commissioners has adopted a $180 million budget for fiscal year 2013-2014.
The board allocated $31.0 million for the year for its capital improvement program, down 8.2 percent from last year’s $33.8 million. It also intends to spend $1.4 million on equipment, falling 18.6 percent year-over-year.
Furthermore, the board budgeted revenue from maritime operations will be $35.5 million, up 7.3 percent from last year’s $33.1 million. Of that total, wharfage was budgeted at $13.7 million, up 9.8 percent year-over-year, resulting from higher throughput and new container business expected from Pasha’s automobile and general cargo operations at the National City Marine Terminal.
Additionally, the board noted that Dole Fresh Fruit, an anchor tenant, has signed a long-term lease with the port, ensuring consistent revenue.