The Northwest Seaport Alliance has launched the Terminal 5 expansion at the Port of Seattle. When complete, the facility will be able to handle containerships of up to 18,000 TEU. The activity is estimated to result in 6,600 new direct jobs and more than USD 2 billion in business activity. Managing members of the NWSA will contribute USD 340 million in construction funds, with private partner SSA Terminals contributing up to USD 160 million toward the project. The 185-acre terminal is expected to open in two phases, with one major berth ready to handle international container cargo in spring of 2021, and the other berth ready in 2023.