The Georgia Ports Authority approved $60 million for upgrades to its Colonel’s Island Terminal in Brunswick, the country’s second busiest port for total roll-on, roll-off cargo.
A GPA spokeswoman told The Center Square that the authority is pulling the funding for the infrastructure and upgrade projects from port revenues. The money will go toward additional buildings, property development and civil infrastructure to expand Ro/Ro capacity.
The Georgia Ports Authority moved a record number of twenty-foot equivalent container units in May, eclipsing the previous record set in October 2021.
The movement of 519,388 TEUs at the Port of Savannah in May topped the 504,347 TEUs moved in October 2021. GPA’s May volumes grew by 40,768 TEUs, or roughly 8.5%, compared to May 2021.
The Georgia Ports Authority plans to spend roughly $430 million on infrastructure improvements at the Port of Savannah.
Of the $430 million, GPA is covering $395.4 million, funded through the authority’s proceeds. The federal government is chipping in a $34.6 million grant.