March 15, 2019 Charleston Harbor Deepening Project Receives $138M in Presidential Funding The Charleston Harbor Deepening Project has received Congressional funding from the Trump Administration to the tune of $138M as part of the administration’s Fiscal Year 2020 Budget. The project, which will allow the passage of 14,000 to 18,000 TEU container ships drafting over 50 feet to safely pass through the port, has been met with great enthusiasm by the Charleston community. “The Charleston Harbor Deepening Project is a strategic priority for South Carolina, and it will be a driver of economic development across our state and region well into the future,” said Jim Newsome, SCPA president and CEO. According to the SCPA’s release, deepening work on the Charleston Harbor Entrance Channel began in February 2018 following the awarding of construction contracts in 2017. Now, nearly 20 months later, the SCPA has $2.4B in planned CAPEX projects, the harbor deepening project chiefly important among them. “The importance of the Charleston Harbor Deepening Project cannot be understated,” said US Senator Tim Scott. “Whether it be our tourism sector or our booming manufacturing sector, our ports have been essential in creating the strong economy we all benefit from today.’ The SCPA reports that 1 in every 11 South Carolina jobs can be attributed to the state’s port system. Click here to read Odyssey’s October 2017 Charleston Harbor Deepening Project Blog.