Next year’s budget for the South Carolina State Ports Authority was approved this week. More than $77 million in terminal upgrades as well as projections for a seven percent increase in container volume are just some of the budget approvals for the upcoming fiscal year. The new fiscal year, which begins July 1, is also projected to usher in equipment upgrades and new information systems at the port.
According to the SPA, the largest area of spending is at existing facilities, totaling $35 million. More than $16 million is going toward construction at the new container terminal at the former naval base in North Charleston. Ports Authority board member, Bill Stern says the new projections will strengthen the state’s ability to serve the port’s clients’ growth, driven by the deepest channels in the Southeast.