U.S. House Subcommittee Recommends $1 Billion For FY2014

MaritimeProfessional.com
Wednesday, June 19, 2013

For the second year in a row, the U.S. House Energy & Water Subcommittee, chaired by Rep. Rodney Frelinghuysen (R-NJ), has approved a $1 billion draw from the Harbor Maintenance Trust Fund.

 

The money is for maintaining America’s deep-draft navigation channels and harbors and is as part of the U.S. Army Corps of Engineers’ fiscal 2014 funding bill. If passed by the Senate and enacted into law, this would be the largest regular annual appropriation for navigation maintenance.


A June 17 press release on the bill by the House Appropriations Committee stated that, in prioritizing funding, the subcommittee chose to “invest in critical infrastructure projects to protect lives and property and support economic growth.”
“While still less than the need for full use of the Harbor Maintenance Tax (HMT), this funding amount in a tightly constrained budget is a positive step toward ensuring that the HMT is fully utilized to maintain our nation’s federal navigation channels at their constructed dimensions,” said AAPA President and CEO Kurt Nagle.  “We greatly appreciate the leadership of Chairman Frelinghuysen and the subcommittee for recognizing this important national priority.”


The $1 billion appropriation approved by the subcommittee is $110 million more than the Administration requested in its fiscal 2014 budget earlier this year.  However, the annual revenue collected from the HMT for maintenance dredging is approximately $1.6 billion.


For many years, AAPA has urged Congress to utilize 100 percent of the Harbor Maintenance Tax for its intended purposes rather than allow the money to build up in the already bloated Harbor Maintenance Trust Fund, which is growing at a rate of about $1 billion per year and is estimated will contain more than $9 billion by the end of fiscal 2014. Last month, AAPA sent letters to lawmakers in both the House and Senate, urging them to guarantee full utilization of HMT revenues to achieve efficient 21st century freight movement.


On April 16, AAPA’s U.S. Delegation Chairman Adolph Ojard, who is executive director of the Duluth Seaway Port Authority in Minnesota, testified before the House Water Resources and Environment Subcommittee, urging full utilization of the annual Harbor Maintenance Tax collection.  He noted that low appropriations have resulted in a navigation system in which channels are not being maintained to their constructed depths and widths despite adequate taxes being collected.


In January, AAPA’s Mr. Nagle submitted testimony to the Senate Committee on Environment and Public Works about the critical importance to the health of the port industry and the nation’s economy to maintain America’s federal channels at their constructed dimensions.  In that testimony, he stated the federal government has a unique Constitutional responsibility to maintain and improve the infrastructure that enables the flow of commerce.  He went on to say that much of the infrastructure in and around our nation’s seaports has long been neglected, affecting ports’ ability to move cargo, which hurts U.S. businesses, workers and the national economy.

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Cargill: 50,000T of Sugar Affected by Brazil Fire

Approximately 50,000 tonnes of sugar were stored in a warehouse affected by fire in the Teag terminal in Brazil on Monday, Cargill Inc said in a statement. The terminal,

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

'New Tango' Brings More Post-Panamax Ships to Charleston

New service expands Port of Charleston's capacity to serve North-South trade The SC Ports Authority today received the first ship call of a new consolidated

Navigation

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Missouri River Basin is Booming

The U.S. Army Corps of Engineers Missouri River Basin Water Management Division is maintaining above normal releases at the four lower dams on the Missouri River.

Ocean Training Launches Blended Learning Course

Major revisions to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (The STCW Convention) came into force in 2012.

Finance

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

Maduro Says Venezuela's 2015 Budget to Put Oil at $60

Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.

News

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Missouri River Basin is Booming

The U.S. Army Corps of Engineers Missouri River Basin Water Management Division is maintaining above normal releases at the four lower dams on the Missouri River.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2339 sec (4 req/sec)