1. Port Everglades Master / Vision Plan Status Broward County Board of County Commissioners May 4 th, 2010

2. Agenda FDEP Update Update Status of Master Plan –Market Assessments –Progress of Master Plan Projects Review Cargo Throughput Expansion Studies –Turning Notch Expansion –Channel Deepening and Widening Discuss Infrastructure Investment vs. Revenue Return Page 2 May 4 th, 2010

3. Conservation Easement – Upland Enhancement 8.68 acres is replaced with approximately 16.5 acres Page 3 May 4 th, 2010

4. Conservation Easement – Upland Enhancement Existing 48.48 acres of Conservation Easement changes to approximately 60 acres of Fee Simple Area Page 4 May 4 th, 2010

5. UPDATED MARKET ASSESSMENTS Page 5 May 4 th, 2010

6. Containerized Cargo Page 6 FY 28/29: 2.4 million TEUs FY 08/09 Actual Throughput May 4 th, 2010

7. 2006 Forecast for 2026 2.7 million TEUs 2006 Forecast for years- FY 2008/09, 2012, 2016 & 2026 * * * Containerized Cargo * FY 08/09 Actual Throughput Page 7 * May 4 th, 2010

8. Dry Bulk and Neo-Bulk Cargo FY 08/09 Actual Throughput Page 8 May 4 th, 2010

9. Dry Bulk and Neo-Bulk Cargo 2006 Forecast for years- FY 2008/09, 2012, 2016 & 2026 2006 Forecast for 2026 8.0 million tons * * * * FY 08/09 Actual Throughput Page 9 * May 4 th, 2010

10. FY 28/29: 323,000 barrels per day Liquid Bulk (Petroleum) FY 08/09 Actual Throughput Page 10 May 4 th, 2010

11. 2005 Forecast for 2020 435,000 barrels per day * * * Liquid Bulk (Petroleum) * FY 08/09 Actual Throughput 2005 Forecast for years- FY 2008/09, 2010, 2015 & 2020 Page 11 * May 4 th, 2010

12. * Multi-Day & Daily Revenue Passengers FY 28/29: 5.1 Million Passengers * Cruise FY 08/09 Actual Throughput Page 12 May 4 th, 2010

13. * * * 2006 Forecast for 2026 7.0 Million Passengers * Cruise * Multi-Day & Daily Revenue Passengers FY 08/09 Actual Throughput * 2006 Forecast for years- FY 2008/09, 2012, 2016 & 2026 Page 13 * May 4 th, 2010

14. Comparison of 2006 Master Plan (for 2026) and 2009 Master Plan Update (for 2029) Page 14 May 4 th, 2010

15. PROGRESS OF MASTER PLAN PROJECTS Page 15 May 4 th, 2010

16. Progress of Master Plan Projects Page 16 May 4 th, 2010

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27. Page 27 Phase 1 May 4 th, 2010

28. Page 28 Phase 2 May 4 th, 2010

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33. Airport – Seaport Coordination on Object Heights Page 33 To allow for higher air draft vessels and larger cranes at Midport and Southport May 4 th, 2010

34. REVIEW CARGO THROUGHPUT EXPANSION STUDIES Page 34 May 4 th, 2010

35. Southport Cargo Expansion Recommendation: Increase Cargo Throughput Capacity Berth –Increase berth utilization and crane productivity –Increase berth length to allow More ship calls Berthing flexibility –Increase water depth Accommodate larger, deeper draft vessels Yard –Increase container storage density in terminal yards Rail/Intermodal –Implement Intermodal Container Transfer Facility –Implement Crushed Rock/Aggregate Import Facility Page 35 May 4 th, 2010

36. Increase Berth Capacity: Two Infrastructure Investment Studies Turning Notch Expansion (at Existing Water Depth) –To add berth length and flexibility in berthing various size vessels to accommodate additional capacity 730,000 TEUs of containerized cargo 4,000,000 Tons of bulk cargo Channel Deepening and Widening –To accommodate larger, deeper draft vessels Additional 200,000 TEUs of containerized cargo capacity Retain existing customers Attract new customers Page 36 May 4 th, 2010

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40. INFRASTRUCTURE INVESTMENT VS. REVENUE RETURN Page 40 May 4 th, 2010

41. Increase Berth Capacity: Turning Notch Expansion (at Existing Water Depth) Cost –Project Cost $ 119.5 M –Less Projected State Grants $ (30.2)M –Less Federal Fund $ 0 M –Cost to Port $ 89.3 M Schedule –Start operations in 2017 –Full use operations in 2024 Additional Gross Revenue at Full Use –$37.72 M per year –Revenue Supported by Market Assessment Page 41 May 4 th, 2010

42. Increase Berth Capacity: Turning Notch Expansion (at Existing Water Depth) Payback Period Based on Net Revenue –16.27 years Broward County Economic Impact –3,843 Local Jobs –$9.4 Million per year in Local Taxes –$173.6 Million per year in Economic Activity Page 42 May 4 th, 2010

43. ACOE Deepening and Widening Study Description of Process: NED - National Economic Development Plan maximizes project benefits. Project benefits based only on waterborne transportation savings over a 50-year planning horizon. Feasibility Report and Environmental Impact Statement - Report and EIS are combined to address all potential plans, impacts, benefits, and costs. Record of Decision (ROD) to be signed by ASA of ACOE Congressional Authorization – Federal Law, normally via Water Resources Development Act Funding – Line Item Appropriation provided in Federal Law, normally Energy and Water Appropriations Act Page 43 May 4 th, 2010

44. PORT EVERGLADES Draft NED Plan May 4 th, 2010

45. ACOE Deepening and Widening Study Current Status: Draft Recommended Plan 50-foot Channel Depth to Southport $255 Million Project Cost $155 Million Federal Cost $100 Million Port Cost –$23 Million Potential Additional Cost to Port Benefit / Cost Ratio – 2 to 1 Page 45 May 4 th, 2010

46. ACOE Deepening and Widening Study Schedule Mar 2011 - Draft Report to include Broward County support letter Public comments Nov 2012 - Final Report to include Broward County support letter Oct 2013 - Authorization Nov 2012 - Design Agreement to include Broward County financial commitment for design Nov 2012 - Design Start Jun 2014 - Design Complete Jun 2014 - Project Partnership Agreement to include Broward County financial commitment for construction Jan 2015 - Construction Start Jan 2017 - Construction Complete Page 46 May 4 th, 2010

47. Increase Berth Capacity: Channel Deepening and Widening Cost –Project Cost $ 255 M –Less Projected State Fund (uncertain) –Less Projected Federal Fund $ 155 M –Cost to Port $ 100 M –Potential Add’l Cost to Port $ 23 M Schedule –Start operations in 2017 –Full use operations in 2020 Additional Gross Revenue –$7.54 M per year –Deeper Water to Retain Existing Customers/Attract New Customers Page 47 May 4 th, 2010

48. Increase Berth Capacity: Channel Deepening and Widening Payback Period Based on Net Revenue –43 years Broward County Economic Impact –1,037 Local Jobs –$2.6 Million per year in Local Taxes –$43.3 Million per year in Economic Activity Page 48 May 4 th, 2010

49. No-Build Impact Unable to Meet Market Forecast –1.9 M TEU (year 2020) –2.4 M TEU (year 2029) No Capacity to Handle Potential –930,000 TEUs of containerized cargo –4,000,000 Tons of bulk cargo Potential Loss of Existing Customers Loss of Potential Gross Revenue of $45.26 M per year Lost Opportunity for Broward County Economic Benefits –4,880 Local Jobs –$12 Million per year in Local Taxes –$217 Million per year in Economic Activity Page 49 May 4 th, 2010

50. Moving Forward Turning Notch Expansion –Board approval of agreement with Florida Department of Environmental Protection on release of Conservation Easement –Include the projects in Port’s 5-year Capital Improvement Program Channel Deepening and Widening –Continue with fully funded ACOE study Page 50 May 4 th, 2010