Dredging For Funding For JAXPort

Carole Hawkins of The JAX Daily Record reports on an update for the search for funding to the tune of $684M to dredge JAXPorts’s shipping channels from 40 to 47′ to accept Post-Panamax ships while Savannah has its funding and Charleston seeks to deepen to 52′ as The Boston Consulting Group forecasts as many as 9M East Asia containers will be diverted from the West Coast to East Coast ports by 2020 after the Panama Canal expansion opens next year.  The same report suggests the deepening of JAXPort will result in container cargo tripling by 2035, creating 14,000 new jobs, and a regional economic impact of $850M per year.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on September 19, 2015, in JAX Daily Record, Jobs/JAX Economy, Port/Infrastructure and tagged , , , . Bookmark the permalink. Leave a comment.

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