Port authorities in Georgia and South Carolina to co-own Jasper Ocean Terminal site
According to plans set for approval this month, the port authorities in Georgia and South Carolina will share ownership of the Jasper Ocean Terminal site.
The property, which is in South Carolina but currently owned by the Georgia Dept of Transportation (GDOT), will be paid for and owned jointly by the South Carolina State Ports Authority (SCSPA) and the Georgia Ports Authority (GPA).
The land transfer could close by end-July.
The land transfer is in accordance with the Intergovernmental Agreement signed by the SCSPA, the GPA and the GDOT in January 2008. This Agreement formalised that the two states would co-operate on the development of a new marine terminal on the Savannah River in Jasper County.
The Agreement further specifies that GPA's interest in the property will be transferred to the Bi-State Compact Authority upon its creation and commencement of business activities. The purchase price of $5,000 per acre is also specified in the Agreement.
Under the inter-governmental agreement, the Jasper Ocean Terminal Joint Project Office (JPO) was formed to move the project forward. The agreement initiated a number of specific steps, such as feasibility studies, business planning, environmental assessments and the release of federal easements on the property.
The JPO's work will eventually result in a detailed proposal for consideration by both states. This bi-state compact, which must be approved by each state's General Assembly and the US Congress, would cover the financing and operation of the project, as well as other issues.
The property, which is in South Carolina but currently owned by the Georgia Dept of Transportation (GDOT), will be paid for and owned jointly by the South Carolina State Ports Authority (SCSPA) and the Georgia Ports Authority (GPA).
The land transfer could close by end-July.
The land transfer is in accordance with the Intergovernmental Agreement signed by the SCSPA, the GPA and the GDOT in January 2008. This Agreement formalised that the two states would co-operate on the development of a new marine terminal on the Savannah River in Jasper County.
The Agreement further specifies that GPA's interest in the property will be transferred to the Bi-State Compact Authority upon its creation and commencement of business activities. The purchase price of $5,000 per acre is also specified in the Agreement.
Under the inter-governmental agreement, the Jasper Ocean Terminal Joint Project Office (JPO) was formed to move the project forward. The agreement initiated a number of specific steps, such as feasibility studies, business planning, environmental assessments and the release of federal easements on the property.
The JPO's work will eventually result in a detailed proposal for consideration by both states. This bi-state compact, which must be approved by each state's General Assembly and the US Congress, would cover the financing and operation of the project, as well as other issues.