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


Moody Upgrades Port of Palm Beach

The Port of Palm Beach District announced that Moody’s Investors Service, Inc. upgraded the Port of Palm Beach District senior rating to Baa3 from Ba1, and reported the outlook to be stable.

Commodity Surge Boosts World Equities; Dollar Falls

Major world stock markets were poised for their biggest weekly advance since 2011 on Friday, as greater investor appetite for riskier assets propelled gains in

Commodities See Biggest Price Jump in 3 Years

Commodities jumped on Friday, headed for their largest weekly gain in more than three years as base metals roared higher after Glencore pledged to slash zinc output

Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction 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: 0.1804 sec (6 req/sec)