The Port of Savannah’s Harbour Expansion Project (SHEP) is now authorised to begin construction, following President Obama’s recent signing of the Water Resources Reform and Development Act.
“SHEP has officially received a green light,” said Georgia Ports Authority (GPA) executive director Curtis Foltz.
The next step calls for Georgia to enter a Project Partnership Agreement (PPA) with the U.S. Army Corps of Engineers, defining how the costs of the project, estimated at US$706m will be shared between the state and federal government. Foltz said he expects to have a binding PPA within 90 days, allowing accelerated use of Georgia’s portion of the funding. These funds will be credited against the state’s ultimate cost share at the end of construction.