Page 6: of Maritime Reporter Magazine (July 2002)

News

Historic $17 Billion Order Placed

The marine industry, which traditionally hits a lull during the summer months, has been boiling over with new projects and business prospects, mainly centered on the business of keeping U.S. shores secure from further terrorist incursion. The Coast

Guard Deepwater project, which was well in the works years before the date September 11 came to signify much of anything, after five years of planning has finally come to fruition in the form of a nearly 30-year, $17 billion plan to essentially re-shape the U.S. Coast

Guard.

Yet even upon the awarding of the historic contract, there were rumblings from inside Washington. D.C., from Congressional powers. At issue are several mat- ters, including the potential changing of the Coast

Guard's operational role once it is fully integrated into the new Homeland Defense scheme, from that of search and rescue to fighting terrorism, as well as from those who question whether the Deepwater project should be rethought in the face of the recent terrorist attacks and threats.

In fact, in a Wall Street Journal article "Coast Guard

Braces for Fight," (WSJ, Wednesday, June 26, 2002, page A4), Alaska GOP Rep. Don Young (R-Alaska), is u s- wast gua1"

The $ 17-Billion USCG Deepwater project is an integrated effort to build new and upgrade most of the U.S. Coast Guard's assets.

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