PANAMA CITY, Fla. (WJHG/WECP) - Bigger ships and more cargo may be on their way now that more money is going toward the Port Panama City deepening project.
Thursday afternoon, the Panama City Port Authority approved a motion to execute a contributed funds agreement with the Army Corps of Engineers.
The Port Authority, along with help from the state will contribute between $650,000 to $800,000 toward the final design plans for the deepening project.
Officials with the Port Authority hope more funding comes their way in 2019.
Wayne Stubbs, the executive director of Panama City Port Authority said, "If we get funding in fiscal year '19 for the construction of the channel deepening, then that money could be available in July of '19, so with some luck by the end of 2019 we could have deeper water."
The port currently sits at 31 feet deep and the project will dredge the port to 38 feet deep.