Page 30: of Marine News Magazine (January 2022)

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Feature

Dredging © itsallgood / Adobe Stock

By Tom Ewing or dredging company executives, the recently ment of Transportation, Coast Guard, General Services passed $1.2 trillion federal Infrastructure Invest- Administration, and Department of Homeland Security. ment and Jobs Act (IIJA) sits like the proverbial The big spending categories are shown in the table below:

F Horn-o’-Plenty, ready to disgorge billions of federal dollars for maritime, port, harbor, coastal, inland waterways and ? ood projects, many of which will require dredging. This is a really big deal because this new money will go toward existing projects, work that’s been on the books, so to speak, but, until now, couldn’t be funded. Plus, experts expect development of a whole new book of busi- ness as dormant projects are updated and offered for sale.

Overall, IIJA provides $16.6 billion for waterways proj- ects. That covers a lot of different work, paid for via a num- ber of agencies: Army Corps of Engineers (ACE), Depart- 30 | MN January 2022