For Full Story: Jacksonville Business Journal
Article By: Will Robinson
JAXPORT’s project to deepen 11 miles of the St. Johns River to 47 feet got underway in February 2018 when Dutra Group began dredging the first three miles of the shipping channel.
Dutra Group is expected to finish its segment of the deepening project by August.
In November, Great Lakes Dredge & Dock Company began dredging miles three through eight, a project expected to take up to 2 1/2 years at a cost of $187 million.
Bids for Contract C – miles eight through 11 – could open in 2019, though no date has been set. Because this segment of the river is rockier, this phase of the project is expected to cost $249 million and take up to 5 1/2 years to complete. It may require blasting portions of the river bed.
JAXPORT will continue to seek federal funding on an annual basis, though it already procured $46 million for 2019. JAXPORT will not receive this $46 million until it matches the sum, which the port authority expects to do by August 2019.
Not including the $92 million in federal and JAXPORT contributions expected in 2019, the project has received payments of $295.8 million as follows:
$147.9 million – JAXPORT
$57.8 million – Tenants
$36.2 million – State
$53.9 million – Federal