Capital improvement funds allocated for South Carolina terminal

The South Carolina Ports Authority (SCPA) this week adopted a $319 million capital spending plan for the upcoming fiscal year.

The SCPA’s board of directors on Wednesday also approved a fiscal year 2021 plan that projects the handling of 1.24 million pier containers and generation of $81.4 million in operating cash flow. The SCPA’s fiscal year runs from July 1 to June 30.

“We are in the final year of a six-year capital improvement plan,” SCPA President and CEO Jim Newsome said. “We are preparing...

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