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Jackson Co. approves $5M loan for Pascagoula port

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News,Business,Transportation,Mississippi,Government Loans,Shipping

PASCAGOULA, Miss. (AP) — The Jackson County Board of Supervisors came out of executive session with the Port of Pascagoula and approved a loan, not to exceed $5 million, to improve a wharf on Bayou Casotte.

Port Director Mark McAndrews tells The Sun Herald (http://bit.ly/RHOzNQ ) the money will be used to upgrade an under-utilized wharf so that it will be able to handle liquid bulk cargo for a new shipper.

County supervisors said Monday the project is tied to the Chevron Pascagoula Refinery, which will actually pay off the loan. The wharf will be used to transport xylene, a solvent found in airplane fuel and gasoline and is used in the rubber and leather industries.

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Information from: The Sun Herald, http://www.sunherald.com

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