By Nick Goldstein, vice president of regulatory affairs & assistant general counsel, ARTBA
ARTBA and 129 other trade organizations, private companies and port authorities are urging Congress to increase funding for the United States Army Corps of Engineers (Corps) navigational programs. More money is needed to support critical channel maintenance and allow for safe and efficient freight movement.
“Federal investments in navigation-related infrastructure are an essential and effective utilization of limited resources, paying dividends through increased trade and international competitiveness, sustainable job creation and more than $200 billion annually in federal, state and local tax revenues,” says a March 14 letter from the groups.
The letter also argues that increased funding would allow Congress to utilize the full amount of revenues generated by the Harbor Maintenance Tax, as directed by the 2014 Water Resources Reform and Development Act of 2014 (WRRDA).