Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

JAXPORT gets additional $75m for harbour deepening

Photo: JAXPORT jaxportnew.jpg
The Jacksonville City Council has unanimously awarded the Jacksonville Port Authority (JAXPORT) $75m for the ongoing harbour deepening project.

The amount is comprised of a $35m grant and a $40m loan.

“It’s a historic win for our community and the 15,000 jobs that will be created or protected by the Jacksonville Harbour Deepening Project,” JAXPORT said.

The project to deepen the Jacksonville shipping channel to a maximum depth of 12.5m (50 ft) from its current depth of 10m (40 ft) will be completed in 2023. Upon completion of the deepening the SSA Jacksonville Container Terminal at Blount Island will feature a vessel turning basin and have the ability to simultaneously accommodate two post-Panamax vessels.

It will allow larger container ships to call JAXPORT with more cargo on board, bringing more profit to the region.

Jacksonville’s maritime labor unions have advocated for a deeper harbour for more than a decade and describe the funding as “monumental for the hardworking men and women who work in and around JAXPORT’s terminals.”

“As Northeast Florida’s economic engine, JAXPORT will continue to play a vital role in the economic recovery of our region and state,” JAXPORT ceo Eric Green said.

Earlier this year, the US federal government also allocated $93m for the next phase of deepening the Jacksonville shipping channel.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish