SAVANNAH, Georgia — A proposed $4.5 billion port terminal to be shared by Georgia and South Carolina has reached a new milestone.
Chief executives of the seaports in both states signed a new agreement Monday that lays out terms for jointly managing planning and permitting for a 1,500-acre shipping terminal on the Savannah River in Jasper County, South Carolina.
Doug Marchand, the project's executive adviser, said that by Thanksgiving paperwork should be submitted to the Army Corps of Engineers asked the agency to begin required environmental studies.
The governors of Georgia and South Carolina first agreed to start working toward a shared cargo terminal eight years ago, saying both states would otherwise eventually run out of capacity at their ports in Savannah and Charleston. The first phase could open in 2029.