Moffatt & Nichol announced that the Philadelphia Regional Port Authority (PRPA) has selected the firm to perform a strategic assessment of the Port’s facilities by identifying, evaluating and prioritizing the Port’s capital improvement needs. Work on the study will be performed by Moffatt & Nichol’s Baltimore and New York offices.
The objective of this study is to perform a condition inspection of the facilities owned by the PRPA to determine whether these facilities need to be rehabilitated, reconstructed or replaced over the next 10 years. The study will establish a program of phased capital improvements geared to meet both system preservation and market driven needs.
Aside from conducting waterside and landside condition inspections, to complete the study, Moffatt & Nichol, using a series of in-house models, will perform market assessments focusing on cargo and vessel forecasts, capacity analysis of existing facilities, determine facility needs to accommodate the disparity between existing capacity and forecasted growth.
The firm will also generate development options to address facility needs for market demand and system preservation as well as carry out financial assessments and estimate economic benefits for both existing facilities and proposed development options.
Moffatt & Nichol is headquartered in Long Beach, California and operates from 25 offices throughout North America, Europe, Latin America and the Pacific Rim.