PORT OF LOS ANGELES AND WESTWAY TERMINAL CO., INC. REACH TENTATIVE AGREEMENT


PORT OF LOS ANGELES AND WESTWAY TERMINAL CO., INC.
REACH TENTATIVE AGREEMENT

SAN PEDRO, Calif. – May 10, 2007 – The Port of Los Angeles has reached a tentative agreement to terminate, under threat of condemnation, liquid bulk operator Westway Terminal Co. Inc.’s lease at Berths 69-71.  The lease was set to expire on its own in 2025.  The Port and Westway are working together to ensure that Westway’s departure occurs in an efficient and expeditious manner. 

          A liquid bulk terminal has existed in this location along the Port’s Main Channel for decades.  Westway currently has 136 storage tanks on 12.11 acres of land, storing such commodities as solvents, vegetable oils, lubricant base, aviation gasoline and acids.

          Upon completion, the Port/Westway agreement must be approved by Los Angeles Mayor Antonio Villaraigosa and the Los Angeles City Council.