Port Finance International Events - covering global port developments

Search site

Tuesday, 21 October 2014

Massport considers privatising Port of Boston to meet $200m shortfall

The Massachusetts Port Authority (Massport) may privatise the busiest terminal at the Port of Boston in order to pay for ongoing dredging work.

The port is currently facing a $200 million shortfall in finance despite receiving $310 million in state aid, the Journal of Commerce reports.

 As of September 2014, the Port of Boston handled around 18,000 TEU, an increase of 11.7% compared t the same period in 2013.

The port has embarked on the multi-million dredging project of Boston Harbor in order to accommodate next generation post-Panamax “super vessels” however not all commentators have been convinced.

“A move to privatize would be a slap in the face to taxpayers after putting up federal and state commitments to fund the $310 million dredging project,” Nick Collins, state Rep. for D-South Boston said. “Privatization should be taken off the table. We can talk about other options and we should. I’m surprised they haven’t done that yet, given that we were just in discussion with them over the dredging.”

The additional $200 million in funding will be needed through 2022, according to officials.


Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us


Sign up for our free newsletter