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HomeNewsGPA to invest USD152 million in Brunswick over next 10 years

GPA to invest USD152 million in Brunswick over next 10 years

“In order to ensure efficient processing of cargo, our capacity must remain higher than current demand,” Foltz said. “To that end, we will be improving Brunswick facilities serving each of our major business sectors here, including automotive, breakbulk and bulk cargo,” he said.

Foltz said that over the past decade, the GPA has spent USD46.2 million on infrastructure upgrades at the Port of Brunswick. Over the next 10 years, the Authority plans to more than triple that investment, calling for another USD152 million in improvements.

In one of those projects, the GPA intends to add a fourth berth to serve roll-on/roll-off cargo at Colonel’s Island Terminal. The GPA has submitted a permit request to the U.S. Army Corps of Engineers for the new berth, and hopes to begin construction in 2016.

Brunswick’s FY2015 automotive tonnage made the port the fastest growing major Ro/Ro terminal in the U.S., with a 10-year cumulative annual growth rate of 12.8%, compared to the national growth rate average for Ro/Ro ports from FY2005 to FY2015 of 4.5%.

“Served by eight ocean carriers, Colonel’s Island Terminal offers three modern Ro/Ro berths and four on-terminal auto processors, handling cargo for more than 60 auto and heavy machinery manufacturers,” said GPA Board Vice Chairman Jimmy Allgood. “With 696 acres in use and 641 acres permitted for expansion on Colonel’s Island, GPA can easily accommodate additional Ro/Ro business.”

The GPA is currently preparing 40 acres on the south side of Colonel’s Island to be pad ready for new port customers. The U.S. Southeast is the fastest growing consumer market for autos.

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