Nathan Deal announced on Monday at a Georgia Ports Authority Board meeting that
he will seek $50 million in additional funding in his FY2014 budget proposal for the Savannah
Harbor Expansion Project at the Georgia Ports Authority Board meeting.
project would deepen the Savannah River from 42 feet to 47 feet. It is
estimated to cost $652 million, which could be shared by the federal government
and the state of Georgia.
the harbor would bring in $174 million to the U.S. economy and for every $1
invested in the project, it would result in $6 in returns for the economy,
according to a report by The Savannah District, U.S. Army Corps of Engineers.
approved, the proposal would increase state funding for the deepening project
to $231.1 million, according to the governor's office. Construction is slated
to start in 2013.