Deepening Of Jacksonville Port Would Cost $733 Million

May 30, 2013
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According to a report from the U.S. Army Corps of Engineers due to be released on Friday, the deepening of Jacksonville's ship channel to 47 feet would cost $733 million. The Jacksonville Port Authority would have to cover half of those costs, while the federal government would cover the rest.

Deepening the ship channel at Jacksonville's port to a depth of 47 feet would cost an estimated $732.8 million, according to the U.S. Army Corps of Engineers.The Jacksonville Port Authority would be on the hook for half the cost.The Corps will release a full draft report Friday assessing the construction costs, economic benefits, and environmental impact of deepening the 40-foot channel from the ocean to just west of the Dames Point bridge.

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