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Jasper Terminal board meeting in Charleston

BRUCE SMITH, Associated Press
Monday, 15 Oct 2012 | 3:32 PM ET

CHARLESTON, S.C. -- The two-state board working to build a $5 billion steamship terminal on the South Carolina side of the Savannah River is meeting in Charleston.

The Georgia-South Carolina board working to develop the Jasper Ocean Terminal meets Monday at the South Carolina State Ports Authority. The board plans to hear a marketing update on the terminal. It will also consider a budget for the coming year.

The Jasper terminal is envisioned for a 1,500-acre site in Jasper County, just downstream from where ships call at Georgia's ports.

Although the two states are working on a joint port, their ports in Charleston and Savannah are in fierce competition.