The North Carolina State Ports Authority is currently taking the final step toward a major expansion project at its Wilmington location. Focused on cargo growth and economic development, the port’s new intermodal facility, that will be breaking ground in January, will be designed to divert more than 250,000 container boxes from trucks to rail over the next decade. Its completion is expected by spring of 2025 and will cost around $22.6 million.
The new facility will benefit North Carolina’s business community by improving infrastructure conditions, promoting regional connectivity and facilitating economic growth and competitiveness.
The project will promote the competitiveness of manufacturers, suppliers and distributors of the region by improving freight mobility and efficiencies and increased visibility into the supply chain, and will significantly benefit the state’s exporters, including lumber/food/agriculture industries.
A viable facility will keep Wilmington competitive with ports like Charleston and Savannah. A reliable freight system is good for the state’s economy as a whole. The Port of Wilmington generates $12.9 billion to the North Carolina’s economy annually.
Source: portcitydaily.com