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Georgia approves $35M to deepen harbor

Keywords: Tags  Savannah Harbor, shipping, Georgia Ports Authority, Panama Canal, Nathan Deal, Catherine Ngai

NEW YORK — The Georgia legislature has approved $35 million in additional funding to deepen the Savannah Harbor, the Georgia Ports Authority said in a statement March 20.

Including the new funding, Georgia has allocated $266 million to the Savannah Harbor expansion project, which will deepen the harbor to 47 feet from 42 feet to accommodate super-sized container vessels traversing the Panama Canal following the completion of its expansion in 2015.

The funding, which was proposed by Gov. Nathan Deal, awaits the governor’s signature.

A U.S. Army Corps of Engineers study said the expansion project will reduce shipping costs for private companies by $174 million per year, according to the Georgia Ports Authority.

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