It has been announced that there has been a $50 million increase in the funding for the Savannah Harbor expansion project bringing the total funding to a grand total of $231 Million. While this does seem like quite the expenditure those backing the project assure that the expansion will decrease shipping costs by $231 annually.
Georgia Gov. Nathan Deal announced that as part of his FY2014 budget proposal, he will seek an additional $50 million in funding for the Savannah Harbor Expansion Project at the Georgia Ports Authority Board meeting.
“I am committed to allocating funds and time to this pivotal link in our logistics network,” said Deal. “Expanding the Savannah Harbor is vital to our renewed economic growth and plays an integral role in helping make our state the No. 1 place in the nation in which to do business.”
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