Business Briefs

N.C. doesn't fund cargo port study

Posted July 2, 2010 3:22 p.m. EDT
Updated July 2, 2010 3:37 p.m. EDT

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— The new state budget doesn't include any money for an environmental study of a proposed international cargo port near Southport.

The project needed $10 million from the state to match federal funding for the study.

Gov. Beverly Perdue and Thomas Eager, chief executive of the State Ports Authority, initially supported the study, but environmentalists and coastal residents fought against the project.

Lawmakers ultimately decided the port proposal was too expensive and risky.