Dredging inaction disappoints US port execs
Dec 28, 2012 | 11:00 AM
| Catherine Ngai
NEW YORK Executives at major metal-handling ports are disappointed that language in the most recent transportation bill has not translated into more money spent on maintaining the nations waterways.
In June, President Obama signed into law a 27-month transportation bill that continued funding for the nations roads, bridges and highways. The bill included language stipulating the use of revenue collected via the 0.125-percent harbor maintenance tax for port dredging (amm.com, July 11), but port and shipping interests say the fundwhich has an estimated $6-billion surplushasnt been used as intended.
James Lyons, executive director of the Alabama State Port Authority, estimated that ports across the United States receive only about half the tax collected. "Its not a Mobile problem, its not a New Orleans problemits every port out there. Look at the Great Lakesmany of those ports havent had their full authorized depths for many years," he said.....
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