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

Finance

Buoys in Disputed Waters Roil South China Sea Dispute

Buoys stretched "as far as eye could see" - Philippine sailor. The Philippine navy recently found a large steel marker bearing Chinese inscriptions and hundreds

Navis N4 TOS Open in Liverpool Terminal

Peel Ports, owners and operators of the Port of Liverpool, has achieved a major milestone in its multi-million investment program to transform the port into Europe’s

AkzoNobel’s Carbon Credits Methodology Wins Award

AkzoNobel’s landmark carbon credits methodology for the shipping industry has won the Best Offsetting Project award in the 2015 Voluntary Carbon Market Rankings.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Port Authority Salvage Ship Electronics Ship Repair Sonar 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: 0.1222 sec (8 req/sec)