Page 7 - GPA2017AnnualReport-FINAL-Single

SAVANNAH HARBOR EXPANSION PROJECT UPDATE The CMA CGM Theodore Roosevelt transits the Savannah River channel, Sept. 1, 2017.

THE FOLLOWING PROGRESS
HAS BEEN MADE ON
Expanding the Savannah Harbor is a vital link to U.S ARMY CORPS THE HARBOR EXPANSION:
the future of maritime trade for Georgia and the
nation, providing the deeper water necessary OF ENGINEERS: 4 Contribution to striped bass stocking
to better accommodate today’s larger vessels. According to the latest projections from the SAVANNAH HARBOR program — COMPLETE
Corps, the benefit to cost ratio of the project DEEPENING WILL RETURN
4 Purchase 2,245 acres wetlands
Currently, the Savannah River entrance channel has significantly increased from 5.5:1, to 7.3:1 $7.30 IN ECONOMIC for SNWR — COMPLETE
deepening is approximately 60 percent — one of the largest returns on investment BENEFITS
complete. This portion of the project will benefit for a navigation project in the country. 4 Remove CSS Georgia — COMPLETE
FOR EVERY DOLLAR SPENT
ship traffic by opening a wider tidal window • Deepen entrance channel to 49 feet;
and providing greater scheduling flexibility for Additionally, the net benefit of cost savings ON CONSTRUCTION. extend 7 miles — 60% Complete
neo-Panamax vessels. for shippers and consumers increased from • Construct dissolved oxygen
$174 million per year to $282 million per year @GaPorts @usacehq injection systems — 52% Complete
#SHEP
The Georgia Ports Authority is working closely — an improvement of more than $100 million
#SavannahRiver • Construct raw water storage
with the U.S. Army Corps of Engineers, elected in benefit returned to the nation every year. #GeorgiaEconomy impoundment — 91% Complete
officials in Washington, and Georgia Governor The expected total savings to the nation
Nathan Deal’s office to ensure appropriate over the course of 50 years is $14.1 billion, a • Raise disposal area dikes — 75% Complete
funding is in place to complete the Savannah 62 percent increase over the original estimate • Remove tide gates, abutments
Harbor deepening in a timely manner. of $8.7 billion. — 91% Complete

GEORGIA PORTS ANNUAL REPORT FY2017