- Associated Press - Tuesday, September 30, 2014

SAVANNAH, Ga. (AP) - The federal agency overseeing plans to deepen the Savannah harbor says it will soon sign a cost-sharing agreement with Georgia officials that will allow construction to begin on the $706 million project.

The Army Corps of Engineers announced Tuesday that the agreement will be signed on Oct. 8. The deal allows dredging of the Port of Savannah’s shipping channel to begin using Georgia’s $266 million share of the project, with federal funding expected later.

Like other East Coast ports, Savannah is scrambling for deeper water to make room for supersized cargo ships expected to arrive through an expanded Panama Canal in a little more than a year.

The agreement will allow the Army Corps to start accepting bids from dredge operators. Awarding a contract could take two to three months.

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