'More extensive and stringent environmental regulations slated for the Great Lakes region will likely require additional private and public investment to upgrade and/or refit vessels, ports and other infrastructure to ensure new standards are met,' MarAd said in a statement on Friday.
The study will include an overview of existing market conditions, an inventory of the U.S.-flagged Great Lakes vessels and regional port infrastructure, an examination of private/public sector financing options, and a benefit-cost analysis for each of the investment options, the agency said.
