Groundbreaking Celebration for the Bayport Container & Cruise Terminal


MEDIA ADVISORY, June 17, 2004 (PRIMEZONE) --


     WHEN: Monday, June 21, 2004 at 10 a.m.

     WHERE: 12600 Port Road in Pasadena, Texas

          DIRECTIONS: Traveling south on Highway 146, take Port Road
          exit traveling east for about one mile. See signage
          directing you to the groundbreaking site on the left.

     WHO: PHA Chairman Jim Edmonds, U.S. Congressman
          Kevin Brady; Texas Secretary of State Geoffrey Connor,
          Harris County Judge Robert Eckels, City of Pasadena Mayor
          John Manlove, Walt Niemand of West Gulf Maritime
          Association, Clyde Fitzgerald of International
          Longshoremen's Association, David Zachry of Zachry
          Construction Corporation, several PHA commissioners,
          executives, staff members, contractors.

     WHY: Built out in phases over 15 to 20 years to meet market
          demand, Bayport will have enough space for seven ships and a
          378-acre container storage yard. It will have a maximum
          capacity of about 2.3 million TEUs -- a 200 percent increase
          over PHA's current container handling capacity. The facility
          is expected to create approximately 39,000 jobs and
          contribute approximately $1.6 billion to the Texas economy
          through wages and tax revenues.

          Completion of the first phase -- including 1,660 feet of the
          ultimate 7,000 ft. wharf and approximately 65 acres of the
          ultimate 1,043 acre facility -- is targeted for mid-2006. As
          many as 16 contracts totaling more than $180 million will be
          awarded during the first part of the project. More than half
          of that amount is expected to be packaged in contracts
          eligible for the Small Business Development Program,
          resulting in as much as 35 percent participation by
          qualified small businesses.

     AUDIO/
     VISUALS: Prepared statements by dignitaries
              Ceremonial groundbreaking
              Soil conveyor demonstration
              TV live shot arrangements available
               - 24-hour advance notice preferred

     CONTACTS:
     Argentina M. James, PHA Public Affairs Director
     Office:  713-670-2568        Cell: 713-306-6822

     Felicia Griffin, PHA Communications Manager
     Office:  713-670-2644        Cell:  713-594-5620

     DUE TO SECURITY RESTRICTIONS, MEDIA ACCESS WILL BE STRICTLY
     LIMITED TO THE DESIGNATED LOCATION. ALL MEDIA PERSONNEL MUST
     PRESENT CURRENT PHOTO IDENTIFICATION UPON ENTRANCE.

     The Port of Houston Authority

     The Port of Houston Authority owns and operates the public
     facilities located along the Port of Houston, the 25-mile long
     complex of diversified public and private facilities designed for
     handling general cargo, containers, grain and other dry bulk
     materials, project and heavy lift cargo, and other types of
     cargo. Each year, more than 6,600 vessels call at the port, which
     ranks first in the U.S. in foreign waterborne tonnage, second in
     overall total tonnage, and sixth largest in the world. The Port
     Authority plays a vital role in ensuring navigational safety
     along the Houston Ship Channel, which has been instrumental in
     Houston's development as a center of international trade. The
     Barbours Cut Container Terminal and Central Maintenance Facility
     are the first of any U.S. port facilities to develop and
     implement an innovative Environmental Management System that
     meets the rigorous standards of ISO 14001. Additionally, the port
     is an approved delivery point for Coffee "C" futures contracts
     traded on the New York Board of Trade's Coffee, Sugar & Cocoa
     Exchange. For more information, please visit
     www.portofhouston.com