Baltimore's New Mega-Terminal to Create 8,000 Jobs by 2030
A major new container terminal has broken ground at the Port of Baltimore. The Sparrows Point Container Terminal, located at Coke Point, marks one of the largest infrastructure projects in the region’s history. Officials say it will bring thousands of jobs and billions in economic activity. The groundbreaking ceremony took place on Friday, launching a project set to transform the former Bethlehem Steel site. Tradepoint Atlantic and Terminal Investment Limited are leading the development, with Mediterranean Shipping Company (MSC) as a partial owner. The terminal will cover 168 acres and include seven cranes, two 52-foot-deep berths, and an on-dock rail facility—enough to handle two large container ships at once.
Construction will unfold in phases, with the first ships expected to dock in 2028. Full completion is planned for 2030. Once operational, the terminal will increase the port’s container capacity by 70% and create 8,000 jobs, including 1,100 permanent union positions for the International Longshoremen's Association (ILA) Local 333. An initial 500 new jobs will be added when the terminal opens.
Funding for the project includes over $1 billion from private investors, state and federal sources, and the largest tax credit ever awarded in Baltimore County. The goal is to generate $1.5 billion in economic activity for the region and position the Port of Baltimore as the third-largest container port on the East Coast. The Sparrows Point Container Terminal is set to reshape the Port of Baltimore’s role in global trade. With expanded capacity and thousands of new jobs, the project will strengthen the region’s economy. The first phase of operations begins in 2028, with full completion two years later.
