Governor Deal: Savannah Port Project Making Steady Progress

Governor Deal

Georgia Governor Nathan Deal

In an announcement last week, Governor Nathan Deal reported that the U.S. Army Corps of Engineers has reached the midpoint of the Savannah Harbor Expansion Project. Deal places the project at the center of Georgia’s infrastructure plans:

Deepening the port, along with other investments to create the nation’s strongest statewide logistics network, will make American exports more competitive abroad and benefit businesses in every corner of the state. Georgia is currently investing $1 billion per year in transportation projects to widen interstates, add truck-only lanes and improve trucking routes between ports and interstates so that cargo may move across our state and the Southeast faster, without adding to traffic congestion. Just as we have been ranked the top state in which to do business for five consecutive years, Georgia will continue to make investments that will help us lead the way in transporting goods to the global marketplace.

Statewide impact of Georgia Ports

Citing a Corps of Engineers estimate, Georgia CEO reports that the harbor project will result in a net benefit of $282 million in transportation savings for shippers and consumers each year. Each dollar spent on construction will yield $7.30 in benefits to the nation’s economy.

The statewide economic impact of Georgia’s deepwater ports includes:

  • $84.1 billion in sales (9.6 percent of Georgia’s total sales)
  • $33.2 billion in state gross domestic product (7.2 percent of Georgia’s total GDP)
  • $20.4 billion in income (5.3 percent of Georgia’s total personal income)
  • 370,000 full-time and part-time jobs (8.4 percent of Georgia’s total employment)
  • $4.5 billion in federal taxes
  • $1.3 billion in state taxes
  • $1 billion in local taxes.
Bart Gobeil

Bart Gobeil

Ports Update On the Agenda at GEA Spring Conference

Bart Gobeil, Senior Director of the Georgia Ports Authority is one of the featured speakers at GEA’s Spring Conference, scheduled for April 15 – 17 in Savannah. Gobeil will discuss the progress at Georgia’s ports and the benefits to Georgia business and the state’s economy.

Source:

Savannah Harbor Expansion Project on Schedule, Reaches Crucial Milestone, Georgia CEO, 3/1/18.

By |2018-03-03T13:40:17+00:00March 3rd, 2018|News|Comments Off on Governor Deal: Savannah Port Project Making Steady Progress
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