Congress Representatives Introduce WAVE 4 Investment Bill

Press Release
Thursday, March 14, 2013
WCI President/CEO Michael J. Toohey. Photo: WCI

Waterways Council, Inc. (WCI) has announced its strong support for WAVE 4 -- “Waterways are Vital for the Economy, Energy, Efficiency and Environment Act of 2013” (H.R. 1149) that was introduced today by Congressman Ed Whitfield (R-KY), along with cosponsor Rep. Daniel Lipinski (D-IL). Additional cosponsors include Congressman Bill Cassidy (R-LA), Congressman Spencer Bachus (R-AL) and Congressman Pete Olson (R-TX).

WCI, along with 200 stakeholders, support WAVE 4, initially introduced in the 112th Congress as H.R. 4342, to modernize the lock and dam infrastructure on the inland waterways system. This legislation incorporates the elements of the Inland Waterways Capital Development Plan and will equitably address the critical needs of the inland waterways system, create American jobs, enable growth in U.S. exports and continue to fuel multiple economic benefits that the nation’s waterways generate. 

The Capital Development Plan and WAVE 4 apply objective criteria to prioritize essential construction and major rehabilitation projects, revise current beneficiaries’ cost-sharing for these projects, reform the Corps of Engineers’ internal project delivery process and suggest a revenue enhancement – a 30 to 45% increase in the existing user fee the navigation industry pays – to fund vital infrastructure investments that return so much to the American economy and to consumers.

“WAVE 4 will modernize the inland navigation system’s infrastructure to the benefit of the U.S. agricultural sector, construction and labor industry, energy sector, as well as our environment, our economy, and all the beneficiaries of the waterways system,” said WCI President/CEO Michael J. Toohey. 

WCI urges Water Resources Development Act (WRDA) legislation to incorporate the elements of the WAVE 4 bill, as well as the Reinvesting in Vital Economic Rivers and Waterways (RIVER) Act of 2013 – S. 407 – the Senate companion bill, co-sponsored by Senators Bob Casey (D-PA), Mary Landrieu (D-LA), Amy Klobuchar (D-MN) and Tom Harkin (D-IA).

www.waterwayscouncil.org
 

Maritime Today


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

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

Environmental

ICS Criticises 'Prestige’ Judgement by Spanish Court

At a meeting of the International Oil Pollution Compensation Funds (IOPCF) this week, the International Chamber of Shipping (ICS) has strongly criticised the judgement

Almira, Ex. Dir. Palm Beach Port Honored by FCBF

Port of Palm Beach Executive Director Manuel Almira was inducted into the Florida Custom Brokers & Forwarders Association Hall of Fame. Mr. Almira was recognized

ECSA Looks Forward to Improvement of Shipping Conditions in Arctic

European shipowners believe that the three priority areas of the new EU Arctic Policy Communication published by the Commission this week address all topical Arctic matters.

Energy

ICS Criticises 'Prestige’ Judgement by Spanish Court

At a meeting of the International Oil Pollution Compensation Funds (IOPCF) this week, the International Chamber of Shipping (ICS) has strongly criticised the judgement

Singapore Revokes Two Bunker Licenses

Singapore's Maritime and Port Authority (MPA) have revoked two bunker suppliers' license to operate in the world's top bunker port.    The two companies have,

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Government Update

ICS Criticises 'Prestige’ Judgement by Spanish Court

At a meeting of the International Oil Pollution Compensation Funds (IOPCF) this week, the International Chamber of Shipping (ICS) has strongly criticised the judgement

WILCO Logistics Bags Townsville Port Safety Works

WILCO Logistics Pty Ltd has been announced as the successful bid contractor on Breakwater safety works at the Port of Townsville.   Minister for Ports Mark Bailey said the overall $1.

Carnival Vista Delivered at Fincantieri’s Monfalcone

“Carnival Vista” the new flagship of the fleet of Carnival Cruise Line, brand of the Carnival Group, the world's largest cruise ship operator, was delivered today

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar
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: 0.0934 sec (11 req/sec)