South Carolina Port Authority Eyes Pension Funds to Finance Expansion
Monday, December 14th, 2015
South Carolina’s Port Authority is courting pension funds and other institutional investors to help pay for billions of dollars in infrastructure improvements as traditional sources of financing dry up.
The authority has announced plans to spend $1 billion over the next four years on expansions and improvements to ports throughout the state, and is embarking on a $5 billion joint venture with the Georgia Ports Authority to build a terminal along the Savannah River.
