August 19, 2003

Charleston Port Approves $4 Million in Improvements

Charleston, SC - Today, the S.C. State Ports Authority Board approved several major Port improvement projects totaling $4.2 million, part of a two-year, $128-million program to increase utilization of existing terminals:

Columbus Street Terminal

Two Paceco Espana container cranes will be modified at a cost of $1.5 million. East Coast Cranes and Electrical of the Isle of Palms, SC will modify the cranes so they can move along a curved crane rail on the dock to a new container berth that is nearing completion. East Coast will also strengthen the main structure.

Republic Contracting of Columbia, SC will strengthen and improve a small section of crane beam to support routine operation of container cranes. Construction will take two months at a cost of $376,226.

Norfolk Dredging of Chesapeake, VA will dredge Berths 1, 2 and 3 to 52 feet mean low water (MLW), consistent with the project depth of 45 feet MLW. The maintenance work will be done in September at a cost of $820,950.

Other Work

Approximately 11 acres of container storage will be repaired and improved at the North Charleston Terminal. Sanders Brothers of North Charleston will perform the work for $451,881 in about three and one half months.

To improve upland dredge disposal capacity in close proximity to the lower harbor terminals, J-Mac Construction of Calabash, NC will raise the containment dikes in the Daniel Island west cell. Construction will require four months at a cost of $732,700.

Marinex Construction Company of Charleston will perform maintenance dredging to 35 feet MLW on berths alongside the most active piers at the existing Navy Base Terminal. The piers had not been dredged by the previous tenant since April 2001. This facility is now operated by the Ports Authority for breakbulk and bulk cargo. The cost of the work is $337,800.

# # #