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Funding For New US Container Terminal

The majority SCPA's US$319m capital spending funding for fiscal year 2021 will be used to finish building phase one of the Hugh K. Leatherman Terminal. Photo: SCPA/ Walter Lagarenne

Posted on July 1, 2020

Funding has been approved to finish building phase one of the first new container terminal in the US since 2009.

South Carolina Ports Authority’s (SCPA) board of directors have adopted a fiscal year 2021 financial plan which includes US$264.2m in operating revenues. The board has also approved a US$319m capital spending plan for fiscal year 2021. Most of those funds will be used to finish building Phase One of the Hugh K. Leatherman Terminal, due to open in March.

“The opening of the Leatherman Terminal will mark an extension of the successful container operations concept at the Wando Terminal with the transfer of four large ship services to that location at its opening, while leveraging SCPA’s existing workforce,” said Jim Newsome, SCPA president and CEO.

Construction of the Leatherman Terminal is progressing well for its March 2021 opening. Phase One will have a 1,400-foot-wharf, five ship-to-shore cranes with 169 feet of lift height, 25 hybrid rubber-tiered gantry cranes, and the ability to handle 19,000-TEU vessels.

The Leatherman Terminal and the upgraded Wando Welch Terminal will enable S.C. Ports to handle four 14,000-TEU vessels simultaneously. The Charleston Harbor Deepening Project will achieve a 52-foot depth in 2021, further enabling mega container ships to access port terminals.

Source: portstrategy

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