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Red tape and lack of funds spell Charleston port expansion to handle post-Panamax

Thursday, December 22, 2011

South Carolina officials have received quite a shock. Rather than getting an expedited project to deepen Charleston Harbor, the Army Corps of Engineers estimates such a project won't be completed until 2024.

In two years, the newly-expanded Panama Canal will start handling container ships that are twice the size of the ones regularly calling on east coast ports in the U.S. Federal regulations lay out a lengthy process of approval and design before one spoonful of mud can be dredged. That process just got under way – which means it may be a decade between the canal’s opening and Charleston’s ability to handle the big ships any time of day.

Original source: Fox News