Panel gets update on viability of Jasper terminal
Tue, 16 Apr 2013 11:37:13 GMT —
CHARLESTON, S.C. (AP) - A board comprised of members from South Carolina and Georgia is getting an update on when a $5 billion shipping terminal on the Savannah River may be needed.
The two states are working together to build the Jasper Ocean Terminal on the South Carolina side of the river downstream from Savannah.
On the agenda for the board's Tuesday meeting in Charleston is an update of a 2008 study on the need for the terminal. The five-year-old study estimated the terminal would be needed by 2029, about the time container capacity is expected to be exhausted in both Savannah and Charleston.
The updated study is expected to discuss whether the new shipping terminal will be needed that soon because of the world economic slowdown.