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Joint Georgia, S. Carolina Port Could Generate $2.3B Annually

The container port on the jointly proposed by Georgia and South Carolina authorities could generate $2.3 billion a year by 2020.

By John McCloud | Updated on October 29, 2008
South Atlantic Terminal (click to expand)

JASPER COUNTY, SC-A preliminary analysis released in early October by maritime engineering firm Moffat & Nichol projects the container port on the Savannah River jointly proposed by Georgia and South Carolina authorities could generate $2.3 billion a year by 2020. The study found that container volume should grow by 6.7% annually through 2025 and then 5.3% annually from 2025 to 2050.

According to South Carolina State Ports Authority chairman Bill Bethea Jr., the Jasper Ocean Terminal task force is currently putting together a program to determine how the new 1,518-acre facility will be financed and operated. The program will be subject to approval by Congress and the two states’ legislatures. The next step toward creating the program, says Bethea, who is also vice chairman of the task force, will be selection of a firm to draft preliminary plans and oversee initial studies. The selection will be made by early November.

In March ’07, South Carolina Gov. Mark Sanford and Georgia Gov. Sonny Perdue signed an agreement to cooperate on development of the $450 million South Atlantic International Terminal, which is to be built at the mouth of the Savannah River a few miles east of Savannah, along the border of the two states. Under the agreement, the Georgia Department of Transportation consented to sell the port site to the Georgia Port Authority and South Carolina State Ports Authority as equal joint tenants.

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