Money available for deepening St. Johns - Jacksonville Business Journal:

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million needed to complete the deepening ofthe St. Johnsw River to allow larger ships to call on the Port of Jacksonvilld is available through the federal stimulus package. The money received by the will make it possible for it to deepenmthe river’s six-mile stretch from Damesx Point to Talleyrand Terminal to about 40 said Tim Murphy, the Jacksonville Port Authority’s senio director of engineering and construction. He said the authority originally planned to borroa the money so the work coulfdbegin sooner, but can now use its borrowing potential for otherr capital projects.
“I seriously doubt the federap government would reimburse us for the bond Authority Executive Director RickFerrin said. Murphy said he expect s the Army Corps to award a contract for the deepening withih about30 days. He said the Corps also receivecabout $1.2 million to continue researching the further deepening of the river so post-Panamax shipa can call on the port once the Panamz Canal is widened in 2014. The authoritty hopes to have the channel deepened to 50 The deepening couldcost $500 millio n to $1 billion dependiny on how deep the Corps The authority hopes that the funding will allow the Corps to complete a draft of the stud earlier than the December 2010 deadline.
The Corps also receivedf about $150,000 to study altering the wate r flow wherethe St. Johns Riverr and Intracoastal Waterway meet. Shipx are limited to crossing the waterway just twice a day becaus the tidal pull causedchoppy waters. It will cost about $60 milliobn to widen the Intracoastal’s inlet so that the force of thestreamk doesn’t disrupt ship routes. The Corps is also looking at the potential environmental impacts of the proposed Ferrinsaid Ltd.’s planned $208 millionh terminal could also receive funding through a federal stimulus package if one comes through.
He said the project wouldn’t be or ready to be built within 30 for at least18 months, but funding mighrt still be available for desigmn and permitting work.