Wood Pellet

At the Port of Morehead City Thursday, the N.C. State Ports Authority board voted to invest $5 million for designing a wood pellet-handling facility. A similar facility is planned for the Port of Wilmington, and requests for proposals for that work will go out in four to six weeks, said Thomas W. Bradshaw, executive director of the Ports Authority.

The board of directors, meeting at the Wilmington port, voted to award the contract to design and build the facility to low bidder Barnhill Contracting Co. for up to $41.5 million. The next step “is to tie down the actual price,” Bradshaw said, then execute the contracts and go to the public debt market early next year for the money. It’s possible by that time the authority will know the price tag for the Wilmington facility and could finance the projects together, Bradshaw said. That could total $100 million to $120 million, he said.

Read more on www.jdnews.com – “Ports board approves $5 million for wood pellet-handling facility design”

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