US House panel approves river infrastructure bill

: Agriculture, Biofuels, Chemicals, Coal, Crude oil, Fertilizers, Freight, Metals, Oil products, Petroleum coke
24/12/06

A US House of Representatives committee has approved a bipartisan bill that authorizes improvements to navigation channels by the Army Corps of Engineers (Corps) and maintenance and dredging of river and port infrastructure projects.

The House Transportation and Infrastructure Committee advanced the Water Resources Development Act (WRDA) after several months of political wrangling to integrate earlier versions of the legislation approved by the House and Senate.

The bill will head to the full House next week, said committee chairman Sam Graves (R-Missouri). This would be the sixth consecutive bipartisan WRDA bill since 2014 if passed by congress.

WRDA is a biennial bill that authorizes the Corps to continue working on projects to improve waterways, including port updates, flood protection and supply chain management.

WRDA will also "reduce cumbersome red tape", which will allow for quicker project turnarounds, Graves said. The bill authorizes processes to streamline work, he said.

The bill also adjusts the primary cost-sharing mechanism for funding for lock and dam construction and major rehabilitation projects. The US Treasury Department's general fund will pay 75pc of costs, up from 65pc, with the rest coming from the Inland Waterways Trust Fund, which is funded by a barge diesel fuel tax.

By Meghan Yoyotte

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25/01/22

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India’s RCF gets offers for phosrock, NPS in tender

25/01/22

India’s RCF gets offers for phosrock, NPS in tender

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US trade deficit with Canada is no 'subsidy': TD Bank

25/01/21

US trade deficit with Canada is no 'subsidy': TD Bank

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Trump takes aim at EVs in early actions

25/01/21

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Winter storm shuts asphalt terminals, hits demand

25/01/21

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