As PHA explains, it presently handles 64% of all U.S. Gulf containerized cargo and 94% of waterborne containers moving through Texas, having risen 10% per year for a dozen years. Bayport will handle container growth projected by the Texas Transportation Institute to be 7.2%, worldwide, though 2010. Growth along the Gulf of Mexico is projected at 13%. Target for completion of 1,660 ft of the ultimate 7,000 ft wharf and 65 acres of the ultimate 1,043-acre facility is mid-2006.