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US$80 Million to develop new South Carolina port capacity

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.