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Fifteen million dollars in state funding was released to continue the Delaware River Main Channel-Deepening project, which will eventually deepen the Delaware River’s entire 103-mile main shipping channel from 40 to 45 feet. This work will ensure the Port of Philadelphia can accommodate larger ships and compete with other ports, particularly those serving New York/New Jersey and Baltimore, Md.
“A deeper river opens the way for world trade—an economic ‘high tide’ of sorts. One estimate says the deepening of the river channel will create more than 8,000 to 12,000 direct jobs, and indirectly contribute to another 38,000,” says Philadelphia Governor Tom Corbett, noting that spin-off jobs could be created across Pennsylvania.
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