Sep
30

Report: Jasper Terminal Could Earn $2.3 Billion By 2020

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September 30, 2008

By Molly Parker – Charleston Regional Business Journal

A port in Jasper County could generate about $2.3 billion in net earnings by 2020, enough to pay down the bonds for the first stage of construction, according to a preliminary analysis from a nationally recognized port consulting firm.

Without it, demand will exceed shipping capacity in Georgia and South Carolina by 2024, says the study, conducted by Moffatt & Nichol’s Savannah office.

The ongoing study was paid for by the Jasper Ocean Terminal Joint Project Office, the bistate venture charged with determining how and when South Carolina’s and Georgia’s port authorities should go about building a terminal on the S.C. side of the Savannah River on roughly 1,500 acres they jointly own.

The point of the analysis was to forecast demand and associated revenue and determine the point in time those lines would cross to support the initial phase of construction, said Bill Bethea Jr., the project office’s vice chairman.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.charlestonbusiness.com/dailyjournal/3_242/full-issue.html#12880
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