CHARLESTON, S.C. (AP) - A two-state board developing a new $500 million shipping terminal on the Savannah River may be asking for permits for the project as early as 2012.
Georgia and South Carolina are working to build a $500 million shipping terminal on the South Carolina side of the river downstream from Savannah.
The board of the Jasper Ocean Terminal Joint Project Office met in Charleston on Monday and received a timeline that projects the terminal's opening in 2025, when container capacity in both Charleston and Savannah would be used up.
Chairman Jim Balloun says the schedule depends in part on lawmakers from both states who will be asked next year to approve a compact to build the terminal.
Balloun says he believes the compact will be approved when both states realize economic advantages.
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