As we have previously detailed (here and here), Congress just passed, and the President is expected to sign, the first water resource development bill since 2007. This will make ports on both coasts more competitive internationally. For those ports here in the Pacific Northwest, it will make them more competitive with Canadian ports in British Columbia. Now, Mexico appears to be joining  the fun, announcing plans to invest $4.55 billion to expand and modernize its ports.

It’s apparently not a bad time to be entering the maritime redevelopment industry.