The property, which is in South Carolina but currently owned by the Georgia Department of Transportation (GDOT), will be paid for and owned jointly by the SCSPA and the GPA. The land transfer could close by July 28.
“The acquisition … is the next step toward realising the great potential for international trade and commerce in this region,” said Georgia Governor Sonny Perdue. “By creating the right conditions for growth and prosperity, we ensure new jobs and opportunity for many years to come.”
The land transfer is in accordance with the Intergovernmental Agreement signed by the SCSPA, the GPA and the GDOT in January 2008, which declared that the two states would work cooperatively to develop a new marine terminal on the Savannah River in Jasper County. The Agreement further specifies that the GPA’s interest in the property will be transferred to the Bi-State Compact Authority upon its commencement of business activities. The purchase price is $5,000 per acre.
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