Charleston to receive US$180 million in federal earmarks for dredging

2012 02 29

SOUTH CAROLINA has assigned US$180 million from US funding to pay for harbour dredging, mostly for the Charleston Harbour Deepening Project, a total of 60 per cent of the total project cost of $300 million.

The state funding from the SC House committee, to be taken up in early March, will cover construction costs following the completion of the project's feasibility study and adds to an earmarked $3.5 million in the US President's Budget for fiscal 2013. This means that half of Charleston's Harbour Deepening Project's feasibility study is funded. It does not include separate funds from the US Army Corps of Engineers' Work Plan.

Charleston's deepening project would open the port to the biggest vessels 24 hours a day at low tide and is likely "the cheapest South Atlantic harbour to deepen to 50 feet," according to the Corps' Reconnaissance Study, 2010.

"We believe this project offers the best value for a true post-Panamax harbour in the entire Southeast region, and we commend the Ways and Means Committee for recognising the critical need for a deepened shipping channel in Charleston," said Bill Stern, chairman of the South Carolina Ports Authority.

Source Shipping Gazette - Daily Shipping News

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