The Port Authority of Kansas City, Missouri (Port KC) in USA continues to build its advisory team in order to transform 415 acres of a former steel mill site into an intermodal port and hub for Kansas City.

In July 2019, Port KC staff will recommend to its Board of Commissioners that KPMG Corporate Finance LLC (KPMG), with Managing Director Ted Hamer as lead, be selected for Financial Advisory Services in the formation of a Public-Private Partnership (P3). If approved, KPMG will join Port KC and an existing team of advisors to develop Missouri River Terminal (MRT), which will further fulfill Port KC’s mission to create jobs and spur economic development in Kansas City.

Port KC received responses from 12 globally respected firms. After an extremely competitive process, Port KC selected KPMG due to its extensive P3 experience, market understanding and relationships, and knowledge of the approaches that will ensure MRT reaches its potential. 

MRT will increase port activities, provide an efficient and environmentally safe transportation alternative, and increase commerce through-put in Kansas City. The intermodal terminal will be a transformative project for Kansas City, creating jobs and serving as a catalyst for further economic activity in the Missouri Blue River Corridor.

Port KC staff will first recommend the selection of KPMG to the Finance and Administration Committee on Wednesday, July 10, 2019. If the Finance & Administration Committee recommends the selection, it will go to the full Board of Commissioners meeting on July 22, 2019. Once the Board of Commissioners approves a Financial Advisory Services selection, Port KC will begin the pre-procurement process for MRT.