Delaware River Main Channel Deepening Project Justified

Friday, December 27, 2002
After an economic reanalysis, the United States Army Corps of Engineers announced that Delaware River Main Channel Deepening Project is justified for construction. The conclusion of the reanalysis is that the project will yield a net benefit of $1.18 for every $1 spent on the project. Maj. Gen. Robert Griffin, director of Civil Works for USACE, said, "Our comprehensive economic reanalysis shows that the Delaware River Main Channel Deepening Project is a sound investment for the nation. "The reanalysis has been thoroughly reviewed by an external independent panel. That panel determined the reanalysis to be based on sound economics. I would also add that this reanalysis has been subjected to a level of scrutiny and independent review that is unprecedented on a Corps project." Work on the Delaware project was suspended by Griffin on April 22, 2002, following a briefing by the General Accounting Office that criticized a 1998 USACE economic reevaluation of the project.

The reanalysis takes into account many changes in the dynamics of the Port of Philadelphia that have occurred since the original 1992 project feasibility study. These changes include a greater diversity of products transported to the port, such as furnace slag and steel imports, that were not factors in 1992. Griffin added, "We have met the conditions placed upon us for this reanalysis. GAO criticism of our 1998 report was well founded, and I believe today's reanalysis is much stronger as a result of their report. "We expect this economic reanalysis to be looked at by other organizations interested in the Delaware Deepening Project, and we believe this reanalysis will stand up to additional scrutiny as a result of the thorough review by the external independent review panel."

USACE's Philadelphia District contracted an external economic consulting firm to perform the reanalysis while the district provided quality control on the process. Concurrently, two other external reviewers performed independent technical review of the analysis while the North Atlantic Division, Ft. Hamilton, NY, provided oversight and quality assurance.

USACE headquarters in Washington, D.C., then directed the Corps' Institute for Water Resources to engage an external independent company to review all documents, assumptions, economic models, and actions leading to the preparation of the report. This company constituted a panel comprised of three distinguished experts in economics - two professors with expertise in national economic development and one navigation expert from private industry. Following their comments on the draft, USACE addressed their concerns and produced the final reanalysis for their review and approval.

The Delaware River Main Channel Deepening Project was congressionally authorized in 1992 after completion of the project's Feasibility Study and Environmental Impact Study. It first received Construction, General appropriations in 1999 and has been included in the federal budget each year since. The project will deepen the existing 40-ft. project to 45 ft., extending 102.5 miles from the mouth of the Delaware River to Philadelphia.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Workboats

CNOOC Acquires Asia's 1st LNG Powered Tug

China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ship’s fuel.

Injured Fisherman Medevaced off Alaska

An injured mariner was medevaced by U.S. Coast Guard (USCG) personnel near Sand Point, Wednesday, the USCG reported. Watchstanders at USCG District 17 command

Firefighting Vessel Delivered to the US Army

New Orleans based maritime solutions company Technology Associates, Inc. (TAI) informs it has completed its contract for the design and construction of a fast response

Ports

3D Printing in Rotterdam Port

Is 3D printing just a hype? Or is it really possible to print spare parts for ships that can actually withstand the requirements set for the often "rough" working

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Mombasa Port Workers End Strike

Mombasa, Kenya port workers end strike and returned to work on Friday after being warned they could lose their jobs, reports Reuters.   However the members of

 
 
Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1622 sec (6 req/sec)