The Georgia Ports Authority (GPA) will spend $2.5 billion over 10 years to increase its TEU throughout from 5.5 to 8 million by 2028.
Speaking at the Savannah State of the Port event on September 20 2018, GPA Executive Director Griff Lynch and Board Chairman Jimmy Allgood put forward plans to expand the GPA’s capacity.
Lynch and Allgood based their projections on the GPA’s 10-year $2.5 billion expansion plan.
These include the Mason Mega Rail Facility, which will double the Port of Savannah’s rail capacity by 2020.
Other equipment purchases include eight additional ship-to-shore cranes and 64 rubber-tired gantry cranes, as well as gate and container storage expansions, berth improvements and off terminal road additions.
Lynch said: “We’re preparing to redefine the Port of Savannah as not simply the load center for the Southeastern US, but as the port of choice for major inland markets east of the Mississippi River.
Allgood commented: “Almost eight years ago, Gov. Nathan Deal established a goal to make Georgia the best state in the nation to do business by providing state government, business leaders and our ports what they needed to make that happen”.
The GPA handled a record 4.2 million TEU in the fiscal year 2018, an increase of 8.4% year-on-year.