SCSPA approves fiscal 2012 budget
Board members of South Carolina State Ports Authority approved a $134.3 million budget for fiscal 2012 on June 21st and approved contract awards to companies that will relocate two cranes from the Columbus Street Terminal to the Wando Welch Terminal, Charleston Business Journal reported.
The 2012 budget projects a 6.6% increase in container volume, to 850,000 containers, and includes $82 million in capital projects like the new cruise terminal on Union Pier and the crane relocation.
The budget also projects revenues to increase by more than $10 million, from $123.9 million in fiscal year 2011, driven mostly by the increase in container volume.
From July 2010 to May 2011, the Port of Charleston handled 9.3% more containers than the last fiscal year, while noncontainerized cargo in Charleston and Georgetown increased by 44.6%.
In May, the Port of Charleston handled about 74,000 containers.
The board also approved a $2 million contract for upgrading security at the North Charleston Terminal and a total of $4.4 million in contracts for the crane relocation. The contracts cover electrical work, structural work and moving the cranes across the harbor.
Also, the board approved transferring Castle Pinckney to a local camp of the Sons of Confederate Veterans. The castle was bombarded during the Civil War before being taken by elements of the 21st U.S. Colored Troops in 1865, according to the authority website. The ports authority acquired the island in the 1950s as a potential site for dredged material. The castle was listed on the National Register of Historic Places in 1970.
The 2012 budget projects a 6.6% increase in container volume, to 850,000 containers, and includes $82 million in capital projects like the new cruise terminal on Union Pier and the crane relocation.
The budget also projects revenues to increase by more than $10 million, from $123.9 million in fiscal year 2011, driven mostly by the increase in container volume.
From July 2010 to May 2011, the Port of Charleston handled 9.3% more containers than the last fiscal year, while noncontainerized cargo in Charleston and Georgetown increased by 44.6%.
In May, the Port of Charleston handled about 74,000 containers.
The board also approved a $2 million contract for upgrading security at the North Charleston Terminal and a total of $4.4 million in contracts for the crane relocation. The contracts cover electrical work, structural work and moving the cranes across the harbor.
Also, the board approved transferring Castle Pinckney to a local camp of the Sons of Confederate Veterans. The castle was bombarded during the Civil War before being taken by elements of the 21st U.S. Colored Troops in 1865, according to the authority website. The ports authority acquired the island in the 1950s as a potential site for dredged material. The castle was listed on the National Register of Historic Places in 1970.
