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Funding Still Uncertain For St. Johns River Deepening Project

Maersk Line
/
JAXPORT

The state may be providing more than $86 million for deepening the St. Johns River, but plenty of questions still remain.

The state’s five-year work plan includes the $86 million, including $10 million in the 2016 fiscal year. That figure would have to be approved by the state Legislature when it next meets.

That’s only a fraction of the $700 million the project would cost, but supporters say it shows the state’s commitment to the project.

Where the rest of the money will come from is still unknown.

The Jacksonville Port Authority said it wasn’t yet sure which exact part of the project the money it would be used for, but a spokeswoman said they were grateful for the allocation.

Timothy is editor in chief of the Jacksonville Business Journal.