Public-Private Partnerships for Our Ports

Policy makers in South Carolina should question the tendency towards centralized control or direct oversight of port development and expansion. The states inability to bear the capital costs of infrastructure development needs to be a recognized factor in port expansion. The South Carolina Port Authority has expressed interest in pursuing public-private partnerships, the model recommended by economists both nationally and internationally. Such an approach should be implemented in any future port expansions, including Charleston and Jasper. The temptation to micromanage comes at a heavy cost to the tax payer as well as port efficiency…

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