The City of Laredo Transfers Ownership of World Trade Bridge to GSA
March 13, 2014
LAREDO, Texas - Today, the U.S. General Services Administration (GSA) announced its recent acquisition of the World Trade Bridge in Laredo, Texas. Previously, the property was leased by GSA from the City of Laredo. Through federal ownership, GSA is able to save the American taxpayer money and better serve our partner agency, the U.S. Customs and Border Protection (CBP).
The Laredo area was in great need for a commercial bridge crossing in the 1990’s however, GSA did not have the available funding at that time. In 1997, the City of Laredo contacted GSA with a proposal to construct a new commercial crossing and lease it back to the federal government. Upon expiration of the lease, the city would transfer ownership of the property and improvements to GSA. GSA accepted the proposal and the POE opened in April 2000. On February 27, 2014, the port was legally transferred to the Federal Government.
Federal ownership of World Trade Bridge allows GSA to begin several construction projects to support CBP’s mission as guardians of our nation’s borders. The partnership between the city, GSA and CPB provides for continued economic success in the southwest region and the nation as a whole. Since its inception the World Trade Bridge Port of Entry has become the busiest commercial port on the southwest border.
Size of Property: 77 acres with all building improvements.
Number of Truck Crossing: 4,300 trucks per day
GSA’s Acting Regional Administrator Sylvia Hernandez says:
“This is another great example of our strong partnership with the City of Laredo,” said Acting Regional Administrator Sylvia Hernandez. “Together, we’ve worked to achieve a common goal of providing the U.S. Customs and Border Protection the inspection facilities they need to successfully accomplish their mission to safeguard our nation’s borders at Laredo’s World Trade Bridge.”
Laredo City Manager, Carlos Villarreal:
“Back in the late 1990’s, as the City of Laredo planned for its future growth in the trade industry, it recognized the need to partner with the federal government to help make the idea of a world trade bridge a reality,” said City Manager Carlos Villarreal. “By funding the initial construction of the federal inspection facilities to include at World Trade Bridge, the City of Laredo was able to secure its position as the nation’s number one inland port by having all of the necessary facilities on site to allow for the volume of trade that would be crossing through Laredo, versus waiting on the lengthy federal budgetary process. Together with GSA, we fulfilled our mission.”
The mission of GSA is to deliver best value in real estate, acquisition and technology services to government and the American people. The agency delivers this commitment through six priority areas that include: delivering better value and savings; serving our partners; expanding opportunities for small businesses; creating a more sustainable government; leading with innovation; and building a stronger GSA.