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Monday, July 14, 2008

Ports Authority approves new terminal

The Georgia Ports Authority board is moving ahead with plans to develop a new port terminal on the Savannah River to be owned jointly with South Carolina. The board voted unanimously Monday to buy 1,518 acres of land for $5,000 an acre - for a total cost of about $7.6 million. The South Carolina State Ports Authority is scheduled to consider a similar resolution Tuesday. An agreement between the two states calls for the proposed port to be governed by a board of directors with equal representation from each state.

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