. port investment strategies

I need some assistance with these assignment. port investment strategies Thank you in advance for the help! A port system is an assortment of the components that link the sea to the land, which collectively work to handle the cargo that reaches via the seaside by water vessels at anchorage. There is also a consideration for the intermodal links from the offloading sites to the terminals of the goods. Such infrastructure as roads, rail, airports, and other modes of transport are, therefore, part of the port systems. The hinterland has intermodal linkages as the connectors between the ports and the destinations for the goods. As such, there are varied development strategies depending on the most suitable in terms of business. There are those whose plans focus on the cargo handling components, others focus on the intermodal links, yet some focus on all the sectors. The essay presents the review literature on the modes of investment of two ports compared. The paper also gives the reasons for investment strategies employed as well as a recommendation for better adjustments.

The U.S. Maritime Administration outlines eight fundamental strategies by port authorities to implement their investment strategies. In their planning and investment toolkit, the maritime administration first emphasizes on an evaluation of port conditions. The second stage involves the definition of problems. The third stage of the investment strategy entails comprehensive planning. The port authority should navigate the process of planning for the investment project. It is important for the authority to engage private partners in the investment strategy. The next step is to presents the needs of the authority that are actionable. The authority must access available funding from the government agencies of other administrations. The last step of the process involves the actual implementation and completion of the project (U.S Department of Maritime Administration, 2015). According to the Waterfront Conference Company Ltd., 2015, having the right infrastructure is a vital aspect of consideration in port investment. Further, it is essential in plans to implement port development. With the right infrastructure, identification of the best implementable strategy for the port is fundamental. To have the optimum strategy for port investment, agencies should have port master plans that are important in ensuring economic development. There is a need to promote private participation in port infrastructure development. in many countries including the UK, the private sector contributes to port development in diverse ways.