This exceeds President Bush’s proposed fiscal 2007 budget of $385 million for lock and dam modernization projects. The House Appropriations Committee added $18 million for work on the Inner Harbor Navigation Canal in Louisiana; $10 million for the Kentucky Lock addition on the Tennessee River; and $2 million for the J.T. Myers Lock and Dam on the Ohio River between Indiana and Kentucky. These projects were left unfunded in President Bush’s proposed budget package.
The federal budget for lock and dam projects is partially funded by the Inland Waterways Trust Fund. To support the trust fund, private sector users of the inland waterways pay the federal government a diesel fuel tax of 20 cents per gallon.
Waterway transportation interests praised the House Appropriations Committee’s action to boost funds to improve the nation’s aging locks and dams.
“Particularly during wartime the appropriations process creates difficult choices, but the action of the committee substantiates the goal of keeping the nation strong and economically competitive,” said R. Barry Palmer, president and chief executive officer of the Washington-based Waterways Council, in a statement.
It’s estimated that more than $31 billion in bulk commodities, such as coal, grain, petroleum and chemicals, are shipped annually through the inland waterways.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
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Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now