Omnibus Bill Boosts Funding for USACE Projects

MarineLink.com
Wednesday, January 15, 2014
Michael J. Toohey, President/CEO, WCI

Upon review of the Consolidated Appropriations Act of 2014, Waterways Council, Inc. (WCI) is pleased with the FY 2014 Energy & Water Development Appropriations funding level of $5.467 billion, a $748 million increase over the FY 2013 post-sequester enacted level.

Within the Civil Works budget, the Construction General Account receives $1.656 billion and provides $163 million for the Olmsted Lock and Dam project. The legislation also establishes a cost-sharing formula for FY14 funds for Olmsted at 75% General Funds and 25% Inland Waterways Trust Funds (this significantly cost-overrun project had been funded at a 50%-50% cost-share). Other inland navigation construction projects received funding at the President’s requested level: Lower Mon 2, 3, 4, $1.96 million; and Lockport Major Rehabilitation, $11.4 million.

Of note is the allocation of $81.5 million in undesignated funding for inland navigation projects. The bill also includes an authorization for up to four new starts to be selected from inland navigation, flood control and storm damage prevention, and ecosystem restoration programs. One project must be from the ecosystem restoration portfolio, while up to two projects may be selected from the other categories. The Corps has 45 days after enactment to select projects for these additional funds, and the new starts. Very specific guidance is provided on use of the funds: a project must have received funding in one of the last three years; will reach a significant milestone or produce significant outputs in 2014; or is selected as a new start. The Corps must also develop a project rating system, and consider giving priority to projects benefitting the national economy or enhancing national, regional or local economic development. Factors such as job creation, economic impact on the local, regional and national economies if the project is not funded, and ability to obligate funds and complete the project, will also be taken into account.

The legislation also significantly increases spending for critical port and navigation channel improvements, with $1 billion provided from the Harbor Maintenance Trust Fund. This is a healthy increase from recent levels; only about half of the $1.5 billion in annual harbor tax monies had been expended for dredging and seaport projects. In addition to specific project allocations, the bill also provides $47 million in additional funds to navigation construction; $27 million added for navigation Operations & Maintenance (O&M); $128 million in additional O&M funds for deep draft ports and an additional $42 million for inland ports; additional $40 million for small ports O&M; and additional dredging funds of $5 million for Mississippi River Tributaries (MRT).

“WCI and its member companies appreciate the recognition in this budget of the importance of the Corps of Engineers’ civil works/navigation mission to the nation. Its treatment of Federalizing a portion of the Olmsted project to allow for funding to flow to other priority projects is noteworthy. The nation’s waterways and ports facilitate America’s prosperity through exports, jobs, access to world markets, and competitive advantage. Congress is to be commended for recognizing the great value of our inland waterways transportation sector,” said Michael J. Toohey, President/CEO, WCI.

waterwayscouncil.org
 

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

Ports

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

Libya's PFG to Lift Terminal Blockades

Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting. Libya's Petroleum Facilities Guard (PFG) will

Asia-N.Europe Box Rates Fall 8.1 pct

Freight rates for transporting containers from ports in Asia to Northern Europe fell 8.1 percent to $713 per 20-foot container (TEU) in the week ended on Friday,

Finance

Asia-N.Europe Box Rates Fall 8.1 pct

Freight rates for transporting containers from ports in Asia to Northern Europe fell 8.1 percent to $713 per 20-foot container (TEU) in the week ended on Friday,

Unipec: U.S. ANS Destined for Sinopec

Arbitrage opens after ANS discount widen on ample supplies. Unipec, the trading arm of top Asian refiner Sinopec, has bought two U.S. crude cargoes, including

G6 Updates Asia-North America West Coast Service

Two services will be merged into one until further notice / Reason is change in market demand / All other services remain unchanged. Members of the G6 Alliance

Environmental

Kerry to Press ASEAN meeting for talks on SCS Disputes

U.S. Secretary of State John Kerry will urge Southeast Asian nations in meetings in Laos next week to find diplomatic ways to launch talks with China on easing

Pathogenic bacteria hitchhiking to North and Baltic Seas?

For the first time, AWI scientists have found evidence of living, potentially pathogenic vibrions on microplastic particles. With increasing water temperatures

Team Britannia, GAC Inks Partnership Deal

As Team Britannia prepares for its bid to break the round-the-world powerboat record later this year, GAC has been named their official shipping and logistics partner.

News

Kerry to Press ASEAN meeting for talks on SCS Disputes

U.S. Secretary of State John Kerry will urge Southeast Asian nations in meetings in Laos next week to find diplomatic ways to launch talks with China on easing

US Navy Tests Latest Aegis Weapon System

The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21.

Pathogenic bacteria hitchhiking to North and Baltic Seas?

For the first time, AWI scientists have found evidence of living, potentially pathogenic vibrions on microplastic particles. With increasing water temperatures

Government Update

Kerry to Press ASEAN meeting for talks on SCS Disputes

U.S. Secretary of State John Kerry will urge Southeast Asian nations in meetings in Laos next week to find diplomatic ways to launch talks with China on easing

US Navy Tests Latest Aegis Weapon System

The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

 
 
Maritime Security Maritime Standards Navigation 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: 0.1506 sec (7 req/sec)