Republic warns federal funding for dredging is key to survival
Dec 14, 2007 | 08:36 AM
| Maria Guzzo
Steelmakers and other industrial businesses in the Great Lakes region say federal funding is key for dredging if they are to survive as viable businesses.
"I'm not wanting this to sound like a threat at all, but as a practical matter to continue as a viable operation we have to be able to receive raw material supplies and we need navigable water," Ken Braun, managing director of human resources at Republic Engineered Products Inc., said. "Without the two you can't operate the plant efficiently."
Federal money could be freed up to resolve the issue when Congress passes the 2008 budget, Braun said.
However, politics have gotten in the way and the budget is already two months late, several sources said, and the traditional funding to dredge the Great Lakes and the tributary rivers is being used for other purposes.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.