Post by HardTimeTrucker on Oct 7, 2008 23:36:00 GMT -5
New Jasper County Port Would Bring in Billion$$
Study on new Savannah River port terminal complex
October 7, 2008
By The JOURNAL of COMMERCE
The joint container port that Georgia and South Carolina plan to build on the Savannah River could generate $2.3 billion by 2020, according to a preliminary analysis by Moffat & Nichol.
The engineering firm's study of the hub in Jasper County, S.C., which was undertaken to assess the need for the new terminal, found that container volume should grow by 6.7 percent annually through 2025 and then 5.3 percent annually from 2025 to 2050.
"It is a number that we must keep refining," said Bill Bethea, a member of the terminal task force and a former South Carolina State Ports Authority chairman.
After fierce competition between Charleston and Savannah over the new port, Govs. Mark Sanford of South Carolina and Sonny Perdue of Georgia announced the terminal agreement in March 2007 and said the project should be built and operated by private terminal operators.
Bethea and other task force members eventually will produce a bi-state compact, subject to approval by the South Carolina and Georgia legislatures and Congress, to address financing and operations for the terminal.
Study on new Savannah River port terminal complex
October 7, 2008
By The JOURNAL of COMMERCE
The joint container port that Georgia and South Carolina plan to build on the Savannah River could generate $2.3 billion by 2020, according to a preliminary analysis by Moffat & Nichol.
The engineering firm's study of the hub in Jasper County, S.C., which was undertaken to assess the need for the new terminal, found that container volume should grow by 6.7 percent annually through 2025 and then 5.3 percent annually from 2025 to 2050.
"It is a number that we must keep refining," said Bill Bethea, a member of the terminal task force and a former South Carolina State Ports Authority chairman.
After fierce competition between Charleston and Savannah over the new port, Govs. Mark Sanford of South Carolina and Sonny Perdue of Georgia announced the terminal agreement in March 2007 and said the project should be built and operated by private terminal operators.
Bethea and other task force members eventually will produce a bi-state compact, subject to approval by the South Carolina and Georgia legislatures and Congress, to address financing and operations for the terminal.