GAO Issues Report on Federal Financing of Marine Transportation System

Thursday, September 12, 2002
The General Accounting Office (GAO) issued its Report entitled Marine Transportation: Federal Financing and a Framework for Infrastructure Investments. This Report provided the basis for the agency's recent testimony at the Congressional hearing reported in yesterday's Maritime Items. The Report, which provides an excellent overview of maritime, highway, and aviation funding and expenditures, recommends that national goals be established regarding the marine transportation system, the federal role be defined, funding tools be developed, and results be evaluated. While the federal government spends an average $3.9 billion annually on the marine transportation system, it collects approximately $15.2 billion in customs duties on imports arriving by ship.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

US Oil Drillers Add Rigs for 5th Week in a Row

U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast

Daewoo Shipbuilding: $1.4 bln order Cancelled

Cancelled order part of Statoil's Bressay project. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion)

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Simulators Winch
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: 0.1720 sec (6 req/sec)