Colonial Terminals has acquired 16.7 acres of land along the Savannah River, Georgia, USA, adjacent to an existing Colonial Terminal riverfront facility and a Norfolk Southern rail facility. The transaction will allow Colonial Terminals to develop breakbulk infrastructure along the Savannah River.
Phase one of the project will include the construction of the berth and refurbishment of the existing warehouse. Phase two will support a new rail-served warehouse or outside storage complex.
The berth is expected to be permitted in mid-July, with construction to commence shortly after that.
‘Leveraging our strategic infrastructure in partnership with Norfolk Southern to extend our reach into the breakbulk space is a logical next step for our high-service culture,’ says Ryan Chandler, president of Colonial Terminals.
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The project is expected to be completed in late 2024 and cost more than $100 million (€91.4 million).
The project should stimulate the regrowth of business lost in recent years, due to Georgia Port Authority’s conversion of its Ocean Terminal facility. It would also support further growth in the breakbulk segment, as well as provide over 20 local jobs.
The new facility, directly served by Norfolk Southern, should allow more than a million tonnes of throughput and support the development of a new wide-span berth. This would be expected to move steel, paper, and other forest products, but capable of handling any general breakbulk cargo.
‘At Norfolk Southern, real estate assets are a strategic opportunity that we’re leveraging to drive smart, sustainable growth for our customers and our rail network,’ says vice president of real estate and business development, Norfolk Southern, Kathleen Smith. ‘This partnership furthers that mission, aligning our organisations to fulfil a critical supply chain need in the Southeast.’
