Port Infrastructure: Financing of Navigation Projects at Small and Medium-Sized Ports
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Port Infrastructure: Financing of Navigation Projects at Small and Medium-Sized Ports

Filetype[PDF-420.61 KB]


English
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Details:

  • Corporate Creators:
    United States. Government Accountability Office
  • Corporate Contributors:
    United States. Army. Corps of Engineers
  • Subject/TRT Terms:
  • Resource Type:
    Tech Report
  • Geographical Coverage:
    United States
  • TRIS Online Accession Number:
    792172
  • NTL Classification:
    NTL-MARINE/WATERWAYS TRANSPORTATION-MARINE/WATERWAYS TRANSPORTATION;NTL-MARINE/WATERWAYS TRANSPORTATION-Ports;NTL-INTELLIGENT TRANSPORTATION SYSTEMS-INTELLIGENT TRANSPORTATION SYSTEMS;AGR-FREIGHT-Ports;
  • Abstract:
    Under the Water Resources Development Act of 1986, all public ports have had to share in the cost of navigation projets with the Corps of Engineers by paying the nonfederal share of the project's cost, which ranges from 20-60 percent depending on the type of project and the depth of the channel. This GAO study examines Corps of Engineers' financing of navigation projects and small and medium-sized public ports, looking at how they have financed the nonfederal share of navigation projects in the period 1986-1999, the extent to which projects were terminated or suspended because federal funding was not feasible, and whether federally-sponsored innovative financing mechanisms could help fund the nonfederal share of the projects. The study reviewed projects in 32 states and a463 navigation projects identified by the Corps as having been initiated in thetime frame 1986-early 1999. The report describes the results of the studies and presents state-by-state summaries.
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