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Maritime Risk & Shipping Finance
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How far WRRDA will take country’s ports and inland waterways toward
Obama’s goal, and into the 21rst cen- tury, is not clear, since few details were being released prior to the committee’s report being fully signed. But industry insiders say the bill does tackle to a degree the industry’s request that full amount of the HMT be spent each year.
There is also said to be a provision that will enable the fund to return more mon- ey to already dredged ports for use on other purposes. The bill supposedly will signifi cantly reign in the Corp.’s lengthy and costly plan approval process and en- courages alternative forms of funding.
While it’s also expected that the bill will federalize the Olmsted repair, remov- ing an albatross from the Inland Trust’s neck, what’s not said to be in the bill, is an industry-requested hike in the diesel 34-49 Q2 MP2014.indd 43 5/19/2014 3:49:37 PM