Monday , 23 September 2019
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Approval for a US$160m capital financial plan has been given by the Board of the South Carolina State Ports Authority (SCSPA) following strong results from the Port of Charleston, which saw TEU throughput in May increase by 14% over the previous month and by 7% compared to May 2007.

US$80 Million to develop new South Carolina port capacity

Over the next 12 months more than US$80m will go directly towards adding new capacity to SCSPA’s port facilities, primarily in Charleston, as well as the development of a new joint port facility on the Savannah River in Jasper County.

The SCSPA Board also approved US$100.3m to increase capacity and enable terminal improvements, with the largest allocation (US$56.2m) for the new container terminal at the former Navy Base.

A US$461,000 contract was awarded to Banks Construction of North Charleston to pave two acres at Columbus Street Terminal, whilst a further US$200,000 was approved for maintenance berth dredging at the Port of Georgetown.

During the 2009 Fiscal Year (beginning 1st July)SCSPA expects to see operating revenues increase by just under 2% to US$160.4 million, with pier containers projected to increase just slightly (0.5%) from the current year.