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Rail News: Intermodal
U.S. Army Corps allocates $49 million to Charleston Harbor project
The South Carolina Ports Authority's (SCPA) Charleston Harbor deepening project has been allocated $49 million in federal funds in the U.S. Army Corps of Engineers' (USACE) fiscal-year 2018 work plan.
Coupled with financial support from the state of South Carolina, the funds will enable the port to further deepen the harbor to 52 feet, port officials said in a press release.
"This funding is great news for continued construction activities and timely awarding of dredging contracts for the Charleston Harbor deepening project," said SCPA Chairman Bill Stern.
Construction to deepen the Charleston Harbor Entrance Channel began in February following the awarding of the first two dredging contracts, totaling $260 million, by USACE.
The USACE funding, in combination with a $50 million loan from the state, will enable the Charleston Harbor to be deepened to the Wando Welch Terminal by early 2021 in a record construction period of 40 months, port officials said.
The project was designated a "new construction start" in the USACE work plan last year and received congressional authorization in December 2016.
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