Governor Rick Scott announced a commitment of $38 million in state and local funding to complete Phase II of the TraPac Container Terminal project at JAXPORT. The investment enables JAXPORT to jump-start the final phase of fixing the navigational problems in the St. Johns River at Mile Point from its previously uncertain start date which was contingent on federal funding.
Governor Scott said, “My top priority as Governor is job creation. Florida’s ports are critical to providing jobs for Florida families – and we can no longer wait on the federal government to fund such an important project. We need the jobs now. That’s why I am proud to announce that we are keeping our promise to the Jacksonville community by committing $36 million in state funding for the Phase II project to create more navigable, efficient and safe routes for major container ships at JAXPORT. Once constructed, the project will support the increase in cargo volumes and create an additional 3,500 port-related jobs. That’s a great victory for Florida families.”
Florida Department of Transportation (FDOT) Secretary Ananth Prasad said, “Today is an exciting day for JAXPORT. I thank Governor Scott for his continued investment in Florida’s seaports. By finishing this important project and removing the existing navigational concerns, JAXPORT will be better suited to compete for and support continued cargo growth within the region and in the Southeast.”
According to a study commissioned by FDOT, every dollar invested in the seaports yields on average, approximately $7 to the state’s economy. However, given that JAXPORT is a major port with a growing cargo market, by completing this project and allowing the cargo terminals to be utilized more efficiently and fully, this project is estimated to yield more than $8 for every dollar invested.