Georgia Ports Extends Growth Trend With Busiest February Ever
Wednesday, March 30th, 2022
The Port of Savannah’s container volume grew nearly 18 percent in February, extending year-over-year increases to 19 consecutive months for the Georgia Ports Authority. To better accommodate that growth, the GPA Board has expedited more than $538 million in capacity expansion projects initially anticipated years into the future.
“Today’s action by the board will result in an unprecedented expansion, ensuring our ability to implement flexible solutions to meet our customers’ evolving needs,” said GPA Executive Director Griff Lynch. “This growth plan is part of an overall strategy to enhance operations, accommodate increased demand, and deliver the world-class service and reliability that have become synonymous with GPA.”
At the board meeting, Lynch reported the Port of Savannah moved 460,413 TEUs in February, an increase of 69,610 TEUs, or 17.8 percent.
In light of the sustained increase in cargo volumes, Georgia Ports will make major investments in both Brunswick and Savannah. These expansion projects will increase the Port of Savannah’s annual capacity from the current 6 million to 9.5 million TEUs by 2025.
GPA will develop 85 additional acres, which will include vehicle processing facilities at the Port of Brunswick. The new pavement and buildings are slated to be complete in 2023, significantly increasing capacity. Colonel’s Island Terminal has another 355 acres permitted for development.
Additionally, the board gave the go-ahead to the Garden City Terminal West expansion, which Lynch designated a “permanent pop-up yard” – a reference to the six temporary yards GPA has established at inland markets. The project adds 90 acres of container storage, a truck gate and rubber-tired gantry cranes to serve the existing Garden City Terminal footprint. The development will increase the Port of Savannah’s annual capacity by 1 million TEUs in phases through 2023 and 2024.
“With the completion of the Savannah Harbor deepening, we have the water depth to more easily accommodate big ships,” Lynch said. “Our current projects will complement the harbor expansion by giving us the landside capacity we need to handle larger container volumes.”
GPA will also add a truck gate and access road to link Garden City Terminal to another 90-acre parcel just upriver. The Authority is building a transloading facility with a cross-docking warehouse there that is expected to be complete by April 2023. The facility addresses a demand for cross-dock services in Savannah, allowing customers to move cargo directly from the docks to destination markets or distribution centers. The board also agreed to order seven new ship-to-shore cranes for the Port of Savannah. Along with a previous eight-crane order in November 2020, this will bring Savannah’s fleet to 42.
“Considering the ambitious slate of work we have set to expand our operations, customers can confidently build GPA into their immediate and long-term growth plans,” said Joel Wooten, GPA board chairman. “Our berth and terminal capacity improvements further strengthen Georgia’s position as the gateway to the U.S. Southeast and beyond.”
Expected cost of the projects approved Tuesday equate to 33 percent of the $1.6 billion GPA spent on new infrastructure over the past 10 years. The growth will be funded through a combination of bonds and internal GPA capital.
Georgia’s deepwater ports and inland barge terminals support more than 496,700 jobs throughout the state annually and contribute $29 billion in income, $122 billion in revenue and $3.4 billion in state and local taxes to Georgia’s economy.
For more information, visit gaports.com, or contact GPA Chief Communications Officer Loretta Lepore at (912) 964-3855 or [email protected]
