Jul
27

Will Port Have Economic Impact On Area?

By
July 27, 2008

By Alexis Garrobo – Beaufort Gazette

After almost 20 years of local, state and federal work, a $450 million bi-state port on the South Carolina side of the Savannah River is about nine years away from seeing its first container ship dock.

The port’s champions say it will boost the economy of Georgia and South Carolina and further position the area in the global shipping industry — a field marked for rapid expansion due to the $5 billion widening of the Panama Canal expected by 2015.

How much it will boost the area’s economy is a moving target. A market study that will show the economic impact is expected at the end of the month, said Bill Bethea Jr., the Joint Project Office vice chairman representing South Carolina. The office manages logistics for the port’s development.

“I don’t know (the economic impact). I know it’s going to be big. Some of the numbers, too, are going to bounce around on us because we need to think in terms of building a port that’s as modern as we can make it, and also in terms of transportation (such as railways and highways),” said Jim Balloun, chairman of the project office representing Georgia.

“It’s going to take a lot of money, but the preliminary work we’ve done is that it will be a profitable investment for both states.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.islandpacket.com/news/local/story/560772.html
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