The Georgia Ports Authority’s (GPA) Board of Directors approved today an ambitious $82.6 million capital improvement plan. “We are committed to keeping one of Georgia’s strongest economic engines performing better than the competition,” said Senator Mack Mattingly, Chairman of the GPA Board of Directors. “This financial plan will increase our capacity and efficiency as well as significantly boost GPA’s economic impact throughout Georgia.”

At Monday’s meeting the Board approved $82.6 million for capital improvements. Major capital upgrades and additions include:
· Four Super Post-Panamax Cranes: $30.6 million
· 15 Rubber-Tired Gantry Cranes: $21 million
· Container Yard Improvements: $21 million
· Colonels’s Island Improvements: $3.5 million

The Board also approved the fiscal 2007 financial plan, which begins July 1, and calls for 54 new positions to help accommodate a projected 9.1 percent growth in container volume. The new hires will primarily include driver and crane operators and bring GPA’s total employment to more than 900. Container Berth 8 is projected to increase container capacity by more than 20 percent. In the fiscal year 2007 State Budget, an additional $19.1 million in bonds was appropriated for the completion of Container Berth 8 and the Brunswick Harbor Deepening Project.

Georgia’s deepwater ports and inland barge terminals support more than 275,968 jobs throughout the state annually and contribute $10.8 billion in income, $35.4 billion in revenue and some $1.4 billion in state and local taxes to Georgia’s bustling economy.

Source: Press Release

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USA  development  ports