Overview
- Port officials led a tour on July 2 to show projects funded by the state allocation that are now moving from planning into construction and procurement.
- The state’s roughly $78–80 million commitment has leveraged about $92.3 million in additional grants, producing roughly $220 million in programmed work that includes federal funding for wharf deepening.
- A near-term project will rebuild the shoreside power station damaged in the 2023 storms with about $9.2 million in state support and construction set to begin within months.
- The port plans to spend about $18 million to demolish and rebuild its commercial squid offloading facility at Ventura Harbor, a move officials say will free space for cargo processing and support Ventura’s fishing economy.
- More than $2 million is set aside for workforce programs tied to SPEED and a $250,000 Oxnard College contribution, and equipment electrification, dredging and phased wharf work are scheduled to reduce emissions and accommodate larger vessels.