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Port of Long Beach $1B Budget Funds Pier B
[ June 26, 2026 // Gary Burrows ]The Port of Long Beach has approved a US$1.05 billion budget for fiscal year 2027, significantly increasing investment in rail infrastructure and zero-emissions initiatives as it advances its long-term plan to double container throughput by 2050.
The budget, which takes effect Oct. 1 pending approval by the Long Beach City Council, includes US$571.8 million in capital expenditures, a 53.7 percent increase over estimated fiscal 2026 spending. Overall spending is projected to rise 28.6 percent.
The largest share of funding will support continued construction of the Pier B On-Dock Rail Support Facility, the port’s largest capital project. When completed in 2032, the facility is expected to triple on-dock rail capacity and reduce the transfer time from vessel to rail from about four days to approximately 24 hours.
The spending plan also allocates US$54 million for the port’s Clean Trucks Program, helping drayage operators transition to zero-emissions trucks as part of the port’s broader decarbonization strategy.
“The industry-leading US$3.3 billion capital improvement plan will help us get there as we transform our operations and build the Port of the Future,” said Noel Hacegaba.
The budget aligns with the port’s 2050 vision of handling 20 million TEUs annually while becoming the world’s first zero-emissions port. The current 10-year capital improvement program totals US$3.3 billion, the largest among U.S. ports.
Despite the increase in capital spending, operating revenue is projected to remain essentially flat at US$577.9 million, up 0.6 percent from the previous fiscal year. The port also maintained strong credit ratings of AA+ from S&P Global Ratings and AA from both Fitch and Moody’s.
By the Numbers
$1.05 billion – FY2027 budget
$571.8 million – capital spending (+53.7%)
$3.3 billion – 10-year capital program
$54 million – Clean Trucks funding
2032 – Pier B completion target
20 million TEUs – Goal by 2050
