09 May 2019
INLAND FINANCE: But I Don’t Need That Much
When enough to meet the need is not enough to get the help.From my office window in downtown St. Louis, I can see a dramatic illustration of the inefficiency in how our country moves freight. My office faces east, and I look down on a stretch of Interstate 70, that major east-west highway that runs from Baltimore to Interstate 15 in Utah. It is not unusual to see the traffic on this highway heavily congested, even at a standstill at times.
07 Sep 2017
American Society of Civil Engineers: Not Just a Tough Grader
Within the U.S. inland waterways industry, any mention of the American Society of Civil Engineers (ASCE) will almost certainly be in reference to the “Infrastructure Report Card” that ASCE prepares and issues every four years, describing the condition and performance of America’s infrastructure in 16 categories: aviation, bridges, dams, drinking water, energy, hazardous waste, inland waterways, levees, ports, public parks, rail, roads, schools, solid waste, transit and waste water.
28 Sep 2016
Rethinking Inland Infrastructure Finance
P3: An alternative to tolls or lockage fees in public-private partnerships for inland waterways. Within the generally sorry state of the U.S. inland waterways infrastructure, there are some locations where conditions are particularly dire. Among those in this latter situation are several locks and dams on the Illinois River, including the La Grange Lock and Dam and the Peoria Lock and Dam, both of which were completed in 1939. Both of them are on the U.S.
10 Jun 2015
Barging Ahead in Uncharted Waters
A Real-Life Study in Creative Vessel Financing, or What Happens When Plan ‘A’ Is Not Working. Much has been written on the various structures and approaches that can be used to finance the construction and purchase of vessels. Such articles typically speak in general terms, presenting what might be called the textbook version of the approach under consideration. But what happens when reality rears its ugly head…
18 Feb 2015
The Quest to Fund Inland Waterways
Infrastructure Projects: Perhaps Not So Quixotic After All? Over the course of 2014, significant steps forward were taken in the quest to find additional sources of funding for inland waterways infrastructure projects. First came the long awaited and much-celebrated Water Resources, Reform and Development Act of 2014 (WRRDA) in June, which included several provisions to address the funding needs of the ever-worsening condition of the inland waterways infrastructure.
26 Nov 2014
WRRDA: Clearing the Channel for P3 Projects
Earlier this year, the U.S. maritime industry in general, and the inland waterways industry in particular, celebrated the long-awaited passage of the Water Resources…
03 Jul 2014
WRRDA: Charting a New Course
Out of a Congress long on budgetary constraints and short on bipartisanship has come the Water Resources Reform and Development Act of 2014 (WRRDA)—and by wide margins, no less.
07 Jan 2014
Finding New Ways to Finance Jones Act Vessel Builds
Sustaining the ongoing boatbuilding boom can involve the lawful use of foreign finance streams. James Kearns takes a closer look at the practice. The citizenship requirements for vessels engaged in the U.S. coastwise trade are generally well-known. Such a vessel needs to be built in the United States; it must have a U.S. citizen crew or operator; and its ownership must meet specified U.S. citizenship requirements…