Page 43: of Maritime Reporter Magazine (June 1999)

Market Reports • Inland (Continued, from page 38) "We're not recovering what we need for maritime dredging - with what's left of the Harbor Maintenance Trust Fund, we still collect $629 million, which is more than enough. This plan means the money collected will cover the federal government's contribution, as well. So even though military ships use the chan- nel as well, maintenance dredging costs will be borne entirely by commercial shippers...a very narrow universe. "We cannot let budget 'sleight-of- hand' create new policy," Godwin said.

Regional Concerns

R. Barry Palmer, executive director,

DINAMO, said his region is currently being funded for construction of locks and dams and new projects at approxi- mately $75 million. This is in compari- son to FY 96's budget of $225 million. "We have new authorized projects val- ued at three billion dollars," Palmer said. "If we could get to a level of approxi- mately $250 million by 2002 or 2003, that would mean there would be sub- stantial completion of many unfinished locks and dams by 2010. "Even now, we'd still need another $75 million to get to a reasonable level of construction, as it is, some projects have been delayed by as much as six years. Reaching a level of adequate funding would help us speed up the completion dates of projects by three to nine years." "Eight years ago, the Upper Mississip- pi Region began a reconnaissance study to determine the need for lock and dam modernization," said Christopher Bres- cia, president, Midwest Area River

Coalition 2000 (MARC 2000). "Four years ago, the railroad in the same area was determined to need trackage - a $1.4 billion investment. The railroad will start construction in one year. There are no plans to begin construction on the waterways project, yet, the feasibility study was begun six years ago. "We have lost faith in the feasibility

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