FDOT Setting Aside $86M over next 5 Year for Harbor Deepening Project

The FDOT is tentatively agreeing to begin to set aside money for the controversial harbor deepening project, which will be needed in order to attract larger shipping vessels, referred to as “Post Panamax” cargo ships. The funding will still need to be approved by state legislature, however this is a good sign of progress. The money that is being allocated is as follows:

  • 2016-2017: $10,000,000
  • 2017-2018: $15,552,000
  • 2018-2019: $19,944,000
  • 2019-2020: $15,944,000
  • 2020-2021: $24,944,000

Jensen Werley with the Jacksonville Business Journal covered the story.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on October 9, 2015, in JAX Business Journal, Port/Infrastructure and tagged . Bookmark the permalink. Leave a comment.

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