Charleston Regional Development Alliance

Berkeley, Charleston & Dorchester Counties

Printed from www.crda.org

Port presents $128 million investment program

Jul. 1, 2003
Charleston Regional Business Journal
At a recent teleconference board meeting, the South Carolina State Ports Authority approved the fiscal year 2004 financial plan and presented a two-year, $128 million capital investment plan to increase utilization of existing port facilities.

The plan calls for the port of Charleston’s container business to grow 5%. Container volume is up 12% through the first 11 months of the past fiscal year, which ended June 30. Operating revenues are projected to increase over 4% to $114 million in fiscal year 2004.

In the $128 million capital plan, approximately $92 million is scheduled for major projects, such as terminal improvements and container cranes. Another $36 million is slated for cargo handling equipment and other projects. To prepare for new development on the former naval base, $3.4 million is planned for environmental, geotechnical and access studies.
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