JAXPORT has secured complete funding for the project to raise the Fulton Cut Crossing powerlines over the St. Johns River adjacent to JAXPORT’s Blount Island Marine Terminal.
According to a port’s statement, the Jacksonville City Council voted to award JAXPORT a US$10 million grant toward the project. The City will also provide a US$12.5 million loan and a US$5 million bridge loan, which will be repaid by JAXPORT.
This funding is in addition to a US$22.5 million grant awarded to JAXPORT by the...