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Inland Port is SCPA's biggest 2014 budgeted expenditure

12 jobs for Greer port is included

Published on Sunday, June 23, 2013

From South Carolina Ports Authority

South Carolina Ports Authority (SCPA) Board of Directors last Tuesday approved its fiscal year 2014 financial plan, which includes volume increases across business segments and $123 million in capital spending on a number of strategic projects including the Inland Port in Greer.

The board approved the SCPA's fiscal plan for the coming 12 months. From July 1 to June 30, capital spending of $123 million will fund major infrastructure investments such as the new container terminal at the former Navy Base, new equipment to handle the increased size of ships in the port as well as other upgrades to existing facilities.

The largest single area of spending is for the South Carolina Inland Port in Greer, with $29.1 million planned to cover the remaining SCPA share of the project. The new facility is slated for a September opening.

The fiscal plan calls for an increase in personnel, including the addition of 12 jobs at the South Carolina Inland Port.

“Our public seaport system is an economic engine, spurring opportunity all across South Carolina,” said Bill Stern, chairman of the SCPA Board. “The inland port will further expand the port’s connection to the Upstate and will drive job creation and investment to that region.”

While the SCPA is a public agency, it does not utilize taxpayer dollars to fund its ongoing capital or operating needs. The SCPA’s capital spending plan is funded internally and by the SCPA’s ability to borrow long term in the marketplace.

The financial plan also projects a nearly six percent increase in container volume on the strength of new, weekly services commencing this summer and increased volume from existing services.

“Above-market growth is essential to carrying out our aggressive investment plans over the coming years,” said Jim Newsome, president and CEO of the SCPA. “As post-Panamax ships continue to be deployed in the Port of Charleston, our deep shipping channels and dockside infrastructure become even more critical. Our plan reflects investments that will keep our ports competitive as our customers decide where to place service strings and route cargo.”

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