NEW YORK The Georgia
legislature has included an additional $50 million in its
fiscal 2014 budget to deepen ports.
The Georgia Ports Authority said
that along with previously agreed-upon funding, the state will
allocate $231.1 million toward the Savannah harbor expansion
project, which will deepen the citys harbor to 47 feet
from 42 feet to accommodate an anticipated increase in the
number of supersized container vessels following the expansion
of the Panama Canal in 2015.
"This infrastructure investment
is crucial not just for the port, but for the economy of
Georgia and the entire Southeast," Gov. Nathan Deal said in a
The Georgia Ports Authority, which has jurisdiction over the
Port of Savannah and the Port of Brunswick, is one of the top
automotive import hubs in the country. Last month, the agency
said that it had experienced "stellar" growth in auto and
machinery shipments, including a 30.4-percent year-on-year
increase at the Port of Brunswick in February.