![]() Jeffrey Holt, a banker who specializes in financing for port expansions and other infrastructure projects, told the board last November that for every $1 billion they borrow, the states should expect to pay $50 million to $130 million each year to cover debt obligations. Some of these duties require the Deputy to seize and later auction off property with a judgment issued from the courts. We're going to run out of capacity in 10 to 15 years." "I don't know that we have a choice," said Jimmy Allgood, who is chairman of the Georgia-South Carolina board steering the project as well as the incoming board chairman of the Georgia Ports Authority. Community Send message Hi Please let us know how we can help.Port leaders from both states are expected to give final approval to the initial funding plan in Charleston next month. ![]() The finished Jasper terminal would have room for 7 million shipping container units to accommodate future growth. Georgia and South Carolina officials insist the shared terminal is their best bet for expansion once the rival ports of Savannah and Charleston run out of space. Consultants say the first phase alone would take more than a decade to build at a cost of more than $2 billion. The Jasper terminal would be a huge investment for both states. It's a strong voice of confidence."Ī joint board overseeing the project already asked the Army Corps of Engineers to begin the permitting process for construction at the site as well as widening and deepening the shipping channel. Nine people are reported to be injured and undergoing treatment following a shooting that occurred just after midnight on Sunday morning, just north of Jasper. "This gets a very important phase of the project going forward. "It's a huge step," said Curtis Foltz, executive director of the Georgia Ports Authority. ![]() South Carolina Ports Authority spokeswoman Erin Dhand said her state's lawmakers have approved $2.5 million to cover next year's share. Start with World Book or browse through thousands of current news items in INSPIRE / Student. ![]() Weather 7 Day Weather Radar Weather Map News Headlines. The two states are expected to split the $15 million costs of preparing for the required permits over the next three years. Welcome to your online Jasper County Public Library. Jasper County GA 14 Day Weather Forecast - Long range, extended Jasper County, Georgia 14 Day. SAVANNAH | The Georgia Ports Authority approved $7.5 million Monday for the first big steps toward building a new seaport terminal on the Savannah River, to be operated jointly with South Carolina.īoth states have spent years discussing, studying and debating the proposed $4.5 billion Jasper Ocean Terminal, which would occupy 1,500 acres in Jasper County, S.C., not far from downtown Savannah. ![]()
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