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Wednesday, April 03, 2013
Georgia to provide more funds for Savannah port deepening project
The Georgia legislature has approved Gov. Nathan Deal's plan to provide the Georgia Ports Authority an additional $50 million for a port deepening project in Savannah. The measure now awaits a signature from the governor, who included the funding in his fiscal-year 2014 budget request.
Along with previous funding, the state has allocated $231.1 million toward its portion of the $652 million Savannah Harbor Expansion Project, which calls for deepening Savannah Harbor from 42 to 47 feet, widening channel turns and creating a larger turning basin. The deeper harbor will accommodate an anticipated increase in the number of large container ships calling on the port after the Panama Canal expansion is completed in 2015.
"This infrastructure investment is crucial not just for the port, but for the economy of Georgia and the entire Southeast," said Deal in a press release.
Served by CSX Transportation and Norfolk Southern Railway, the Port of Savannah is the nation's fourth-largest container port.
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