The Charleston Harbor Deepening Project achieved its latest milestone after both the Senate and the House granted their approval on the Energy and Water Appropriations bill as part of the FY2020 funding package, which has been subsequently signed into law by President Donald Trump.
The signing marked President Trump’s official signal to fund the project to completion with $138 million and confirms that the project is on track to reach its goal to deepen the harbor by seven feet from its current 45-foot depth by 2021. The infrastructure development will amplify the harbor’s capabilities and further connect South Carolina to global markets.
“The Charleston Harbor Deepening Project is one of the most significant infrastructure projects in South Carolina history,” S.C. Ports Authority President and CEO Jim Newsome said in a press release. “A 52-foot deep harbor will ensure we remain competitive for decades to come as bigger ships bring more cargo to S.C. ports. A thriving port drives economic development and attracts business to the state, which ultimately creates high-paying jobs for South Carolinians. Port operations generate a $63.4 billion economic impact on the state each year and create [10 percent of all] South Carolina jobs.”