JAXPORT expands funding for harbor deepening

JAXPORT was awarded $75 million this week to help deepen its harbor.

The Jacksonville, Florida, port authority called the $35 million grant and $40 million loan approved by the City Council a “historic win for our community and the 15,000 jobs that will be created or protected” by the project.

JAXPORT said the harbor deepening, which will take the 13-mile shipping channel from 40 feet to 47 feet and allow larger container ships to call, is expected to be completed in 2023. The U.S. Army Corps of...