The SHEP will increase the depth of the Savannah River by an additional 1.5 metres (five feet) to 14.2 m (47 feet) at mean low water. “The study clearly shows that the deepening of the Savannah port will produce powerful economic benefits to the nation and to Georgia,” said Governor Nathan Deal.
The studies show that the estimated US$652m cost will provide US$174m in annual net benefits to the US nation; for every dollar spent, 5.5 dollars will be returned in benefits to the nation, according to the report.
“We all know how critical this extra depth is to the ability of our nation to move cargo efficiently,” said Curtis Foltz, Georgia Ports Authority (GPA), executive director.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.