Charleston acquire an extra $49 million

South Carolina PortsThe U.S. Army Corps of Engineers (USACE) announced $49 million for the Charleston harbour Deepening Project in the Fiscal Year 18 Work Plan. Funds that will be coupled with financial support from the State of South Carolina, will further the progress of deepening the Charleston harbour to 52ft.

“This funding is great news for continued construction activities and timely awarding of dredging contracts for the Charleston harbour Deepening Project,”
said Bill Stern, SCPA Board Chair. “The Port is appreciative to the Trump Administration, Governor McMaster, Senators Graham and Scott and the entire South Carolina congressional delegation for their coordinated efforts to ensure the highest possible funding for the project was included in the Corps Work Plan.”

Construction to deepen the Charleston harbour Entrance Channel began in February following the awarding of the first two dredging contracts, totalling $260 million, by USACE.

“The deepening of the Charleston harbour is one of the most important strategic priorities for the State of South Carolina,”
said Jim Newsome, SCPA president and CEO. “The Southeast needs a 52ft harbour to efficiently handle the large container ships now calling the East Coast. There are four other harbours on our coast at 50ft of depth, and such large container ships call a network of ports.

"The deepening of major U.S. ports is a significant element of the overall investment thesis across the port industry nationwide, and by 2021 SCPA and the State will have invested over $2 billion in port infrastructure to support the growth of both population and manufacturing in South Carolina and the Southeast region.”

The USACE Work Plan funding, in combination with a $50 million loan from the State, will enable the Charleston harbour to be deepened to the Wando Welch Terminal by early 2021 in a construction period of only 40 months.

The project was designated a New Construction Start in the USACE Work Plan last year and received Congressional Authorization in December 2016.
Comments from South Carolina Leaders

“The Charleston harbour Deepening Project is critical to ensuring South Carolina remains a world class port supporting world class companies. Today’s news, along with the significant investment by the State of South Carolina, ensures the project stays on track.

"I thank Senator Graham and the entire South Carolina Congressional Delegation for their continued advocacy for this important project.”
– Senator Hugh Leatherman, S.C. Senate President Pro Tempore

“Our state has supported this project since day one because we see the value of a competitive port to our citizens and businesses. We appreciate the efforts by the South Carolina Congressional Delegation and are encouraged to see the federal government continue to recognize this critical project.”
– S.C. Speaker of the House Jay Lucas

“Today’s funding news is tremendous for the entire state of South Carolina and is the result of broad support at all levels of government. Congratulations to our Congressional delegation for their tireless efforts on behalf of the Port and the entire state. South Carolinians will see the positive impact of our port project for decades to come.”
– Senator Larry Grooms, Chairman of the S.C. Review and Oversight Commission on the SPA

“This is great news for the Upstate, as well as the entire state. With 50% of port users located in the upstate, the continued progress on the Charleston harbour Deepening Project will be felt in our region for years to come. We have made significant investments, coupled with an additional loan in this year’s pending state budget, and it’s encouraging to see the federal government step up.”
– S.C. Ways and Means Committee Chairman Brian White

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