An additional $35 million has been added to project funding for the expansion of the Savannah harbor.
This funding from the U.S. Army Corps of Engineers’ spending plan will be added to the $50.06 million included in the president’s 2018 budget request, bringing the total to roughly $85 million.
To keep the Savannah Harbor Expansion Project (SHEP) on track, an estimated $80 to $100 million is needed annually.
“I am thrilled that President Trump, OMB Director Mulvaney and the Corps of Engineers have shown that they realize the critical importance of this project by committing strong federal funding,” said Representative Buddy Carter (R, Ga, 01). “With a return on investment of 7.3 to 1, every step closer to completion is a step closer to realizing the full economic impact this project will have on the nation and the world.”
The SHEP began in late 2015. Georgia and the federal government are spending over $970 million to deepen the Savannah River to make room for larger cargo ships.
Deepening of the outer harbor was completed earlier this year, and officials say the next step will be awarding a contract for inner harbor dredging.