Development opportunities at Rhode Island’s three major ports could create new jobs and bring in millions of dollars more in revenue, according to a study released Thursday.
The study was commissioned by the RI Bays, Rivers and Watersheds Coordination Team . It assessed the Port of Providence, Port of Davisville, and Newport Harbor.
It found there are growth opportunities in the import and export of cars, fruit imports, and short-sea shipping operations.
The Deepwater Wind project could also be a potential for port development, according to the report. However, it says the wind farm project would be dependent on power purchase agreements.
In Newport, the report found offshore berths could be constructed to accommodate more cruise ships, but notes that there is local opposition to this.
According to the report, pursuing these growth opportunities could create 1,000 new jobs and bring in more than $8 million dollars in additional tax revenue.
( wpri )
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Source: wpri, April 29, 2011; Image: newenglandfutures