Port leaders, congressional members and the Corps of Engineers are one step closer to completing a deepening project at the Port of Charleston. Members of Congress and State Ports Authority officials gathered to celebrate another milestone–the signing of a cost-sharing agreement that they hope keeps the Port of Charleston competitive. The agreement was signed by the SPA and U.S. Army Corps of Engineers.
The port is still finding ways to make the deepening happen from 47 to 50 feet, so it can take in larger ships from the Panama Canal–opening in 2014. This first phase they agreed to today would fund the study to determine the costs to deepen the harbor.
The Charleston port was originally denied federal funding but Congress changed the law to allow the Corps to determine which projects would get higher priority.