CHARLESTON, SC (WCSC) – The South Carolina State Ports Authority board approved its budget for the coming fiscal year, which included more than $77 million in terminal upgrades and projections for a seven percent increase in container volume.
In the year starting July 1, the SCSPA plans to invest $77 million in terminal improvements, equipment upgrades and new information systems. The largest area of spending is at existing facilities, totaling $35 million. More than $16 million is slated for construction of the new 286-acre container terminal at the former Navy Base.
Charleston currently handles ships drawing up to 48 feet of water and in 2009, South Carolina led the Southeast in jobs recruited by bringing in 18,004 jobs.
Charleston's May container volume climbed more than 22 percent with 68,238 pier containers handled.
After several strong months, the Port of Charleston is now on track to meet its container volume budget in the current fiscal year, which ends June 30.
The South Carolina State Ports Authority contributed to this report.