The repurposing of old industrial facilities continues as a storied part of Baltimore continues its quest to become a major East Coast logistics hub.
A huge 165-acre terminal and logistics hub with an on-dock rail facility is being built at the former site of the Bethlehem Steel plant in Sparrows Point. It’s expected to ease capacity issues for Conrail and also boost growth at the Port of Baltimore, the nation’s 12th-largest maritime facility.
“This is one of the most important and consequential announcements we have made since setting out with our initial plans to redevelop the former Sparrows Point steel mill,” Kerry Doyle, management director of Tradepoint Atlantic (TPA), said in a statement.
Tradepoint Atlantic is joining developer Terminal Investment Ltd. (TIL) to create the huge East Coast hub. The latest expansion is expected to employ about 1,000 people. Terms of the project were not disclosed, but is estimated in the hundreds of millions of dollars.
Terminal Investment Ltd. is owned by Mediterranean Shipping Co., one of the largest operators of container ships. It is the Port of Baltimore’s largest shipping line. It was founded in 2000 to secure container handling capacity in major ports around the world.