The Board of Directors of the Georgia Ports Authority today elected Robert S. Jepson Jr. of Savannah to serve a second term as chairman of the board. Jepson was first appointed to the Board of Directors in 2008 and previously served as vice chairman. The new vice chairman will be James A. Walters, and Stephen S. Green will serve as secretary/treasurer.
“Bob Jepson’s steady leadership is exactly what is needed as we shepherd important rail, highway and maritime infrastructure projects to completion, ” said Georgia Governor Nathan Deal . “ During his first year as chairman, Bob made sure the Savannah Harbor Expansion Project remained a top priority, successfully navigating the final stages of federal approval for SHEP.”
“ Over the past year, we have made significant strides in moving SHEP toward construction ,” Jepson said. “ Much of that success is due in large part to the support we have received from Governor Deal, Georgia’s Congressional delegation, and the talented staff at the Georgia Ports Authority.”
Jepson commended Gov. Deal for his strong support of the deepening, including $50 million in his 2014 budget for harbor expansion, for a total of $231 million in state funds already allocated to the project. Studies by the U.S. Army Corps of Engineers show a 5.5-to-1 benefit to cost ratio, meaning that for every dollar spent on the deepening, the nation will reap $5.50 in benefits.
In other business, the board heard a report from GPA Executive Director Curtis Foltz, detailing growth in all major business segments for the month of May. Container trade, autos and machinery, bulk and breakbulk all saw year-over-year increases. In May, GPA moved 261,520 twenty-foot equivalent container units (TEUs), for a 1.9 percent increase over the same month last year.
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Press Release, June 24, 2013