WRRDA Spurs Savannah Harbor Expansion

By Eric Haun
Friday, May 23, 2014
A containership makes its way up the Savannah River to the Georgia Ports Authority Garden City container terminal in Savannah, Georgia. (Photo: Georgia Ports Authority/Stephen Morton)

The U.S. Senate’s passage of the federal Water Resources Reform and Development Act of 2014 (WRRDA) has cleared the way for construction to begin on the Savannah Harbor Expansion Project. The House passed identical legislation on Tuesday.


Georgia Ports Authority Executive Director Curtis Foltz called the bill’s passage a critical milestone. “Today’s action is an important step toward better accommodating the larger vessels that are the new standard in global shipping,” said Foltz. “Georgians owe a debt of gratitude to the members of our congressional delegation, who worked tirelessly for more than a decade to bring this day about.”

The bill officially lifts the spending limit set when lawmakers first authorized the project in 1999, which will allow both state and federal dollars to flow to the port deepening.

“This landmark legislation will update an outdated spending cap that was put on the Savannah Harbor deepening project more than a decade ago, eliminating the last legislative hurdle and allowing us to use the money we have set aside to begin construction,” said Georgia Gov. Nathan Deal. “With the understanding that we’ll have a federal-state split on funding, Georgia has lived up to its promises. We’ve now put aside $266 million — the total state share. This project is vitally important for economic development and job creation not only in the Southeast, but nationally as well.”

“After 16 years of study, we are now on the eve of construction,” said GPA Board Chairman Robert Jepson. “This project will provide significant annual benefits to American businesses, reducing shipping costs by $213 million a year -- for a return on investment of $5.50 for every dollar spent to construct and maintain this project.”

Once the president signs WRRDA into law, Georgia will enter a Project Partnership Agreement (PPA) with the U.S. Army Corps of Engineers. The PPA defines how the costs of the project will be shared between the state and federal government.

Foltz said he expects to have a binding PPA within 90 days, allowing accelerated use of Georgia’s portion of the funding. These funds will be credited against the state’s ultimate cost share at the end of construction.

Initial contracts will include dredging to extend the entrance channel from the mouth of the Savannah River by seven miles farther into the Atlantic Ocean. Other early project elements include mitigation features such as an oxygen injection system, a freshwater storage alternative for the city of Savannah and recovering the CSS Georgia.

The project is necessary because the world fleet is moving to larger ships. The average vessel calling on the U.S. East Coast is shifting from a capacity of 4,500 twenty-foot equivalent container units (TEUs) to approximately 9,000 TEUs.

“The deepening will cut transportation costs by reducing transit delays for larger, more efficient Post-Panamax vessels,” Foltz said. “Cost reductions of about 30 percent are expected, saving billions over the 50-year life of the project.”

gaports.com
 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Panama Canal to Celebrate 100 Years

To commemorate its centennial, the Panama Canal will host a series of events August 14-15 in Panama City to highlight the impact of the waterway during the past century.

AIS Data for Emissions Reduction

With emissions reduction firmly on the industry’s agenda, studies show that carrying out ship emission calculations, based on AIS data, can offer significant benefits.

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Finance

General Dynamics Reports 2Q 2014 Earnings

General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter

Trading Dutch Well Placed to Pursue Russia Sanctions

The seafaring Netherlands prides itself on being a trading nation, reluctant to let politics get in the way of a good deal. But since the downing, allegedly

Navios Announces VLCC Delivery

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has announced that the Nave Electron, a 2002-built VLCC of 305,178 dwt, was delivered

Dredging

Bahrain US$35-M Land Reclamation Contract for GLDD

Provider of dredging services in the United States and a major provider of environmental & remediation services, Great Lakes Dredge & Dock Corporation (GLDD) says

Boscalis to Get IJsseldelta 'Room for the River' Contract

Royal Boskalis Westminster N.V. (Boskalis) say that the Dutch Department of Public Works and the province of Overijssel intends to award the contract for the IJsseldelta polder to them.

Van Oord Consortium Awarded Singapore Port Expansion

Van Oord has in consortium been awarded work associated with the expansion of the Singapore Tuas Mega Port development. Jurong Town Corporation awarded the

News

Statoil Awarded Licence Offshore Colombia

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence.

General Dynamics Reports 2Q 2014 Earnings

General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter

Gazprom to Extend Gas Supplies from Kazakhstan

Astana hosted today a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Uzakbai Karabalin, Minister of Oil and Gas of the Republic of Kazakhstan.

Government Update

Trading Dutch Well Placed to Pursue Russia Sanctions

The seafaring Netherlands prides itself on being a trading nation, reluctant to let politics get in the way of a good deal. But since the downing, allegedly

Oil Companies Bidding for Blocks in Colombia

Oil companies were bidding on Wednesday for 95 oil areas Colombia is offering for exploration and production in an effort to raise output from around 1 million

Suicide Attack Escalates Libya Violence, Oil Output Slips

Crude output slips for first time since port deal; fresh clashes in Tripoli and Benghazi. Brega oil port seen open in few days. A twin suicide bombing at a Libyan

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1149 sec (9 req/sec)