The CMFA Completes a $300,000,000 Financing for International Transportation Services, LLC
The CMFA issued $300,000,000 in one or more series of bonds, notes, certificates or other obligations for the design, acquisition, construction, reconstruction, development, expansion, improvement, equipping and/or modification of certain capital improvements relating to the redevelopment at Pier G at the Port of Long Beach. International Transportation Services is embarking on an ambitious slip fill redevelopment project. This initiative will expand the container storage yard by approximately 10 acres, boosting capacity to 1.5 million lifts. The slip fill will also extend the quay, allowing ITS to accommodate two 18,000 TEU vessels simultaneously. This project aims to alleviate existing capacity constraints at the Ports of Los Angeles and Long Beach. Additionally, the redevelopment includes upgrading container handling equipment to electric, aligning with the CAAP 2030 requirements.