Posted on November 28, 2018
The U.S. Army Corps of Engineers has earmarked $52.1 million in its fiscal 2019 work plan to keep the Savannah Harbor deepening project on track.
Coupled with $49 million in President Donald Trump’s original budget request, the Corps’ funding would bring to $101 million the federal commitment for fiscal 2019, enough to keep the project on schedule for completion in 2021.
“We have worked tirelessly to ensure that the federal government adequately funds the deepening of the Port of Savannah to maintain the incredible growth it has experienced,” said U.S. Sen. Johnny Isakson, R-Ga. “With this announcement, President Trump is delivering for Georgia in a big way.”
Savannah Harbor is being deepened from 42 feet to 47 feet to accommodate the new generation of giant containerized cargo ships that have been calling increasingly at the Port of Savannah since the Panama Canal was widened in 2016.
The state of Georgia already has contributed $287.2 million toward the project, which carries a total price tag of just more than $1 billion. The federal government is due to pick up the rest of the cost.
Source: Business Chronicle
