The doom and gloom news that’s roiling markets has many trapped in the moment….the panicked immediacy. But Texas is still looking and building to the future…with an assist from the Trump Administration.
Secretary of Transportation Elaine Chao coming to town to announce nearly 40-million-dollars in federal grants for new port infrastructure to both Houston and Corpus Christi. The South Texas Port is burgeoning with LNG and crude exports thanks to the pipelines of the Permian.
The Houston funding will go towards construction of a 55-million-dollar project that includes a wharf and a dock with ship-to-shore cranes to lift cargo containers on and off ships. Port of Houston officials expect the project to be finished in two years….when, and even part of the reason why, current market panics will be long forgotten.
Fryer Feature: No Crisis Too Far
By Shara Fryer
Photo: Getty