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Pages 1-5

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From page 1...
... The Executive Committee of the Transportation Research Board initiated this consensus study of the inland waterways system because of reports of deteriorating and aged infrastructure combined with perceived inadequate capital investment, a growing backlog of capital needs, and declining federal appropriations1 for inland navigation. The study committee was charged with addressing (a)
From page 2...
... Many locks have been rehabilitated, and lock performance correlates poorly with age. The large backlog of capital projects also is not a reliable indicator of funding required for maintaining reliable freight service.
From page 3...
... In a climate of constrained federal funds and with O&M becoming a greater part of the inland navigation budget, it is reasonable to examine whether beneficiaries could help pay for the system to increase revenues for the system and improve economic efficiency. Indeed, Congress, in the 2014 Water Resources Reform and Development Act (Section 2004, Inland Waterways Revenue Studies)
From page 4...
... A trust fund for maintenance would ensure that all new funds collected are dedicated to inland navigation while providing greater latitude for USACE to disburse funds for maintaining the system according to criteria approved by Congress and with the involvement of the Inland Waterways Users Board, whose current advisory role is limited to capital spending. A special case arises for segments on which freight traffic has waned but other beneficiaries remain dependent on the pools originally created for commercial navigation service.
From page 5...
... The framework recognizes the importance of economic consequences for strategic investment instead of assuming that all navigation infrastructure needs to be maintained at its original condition. The approach appropriately includes assessment of three main elements that follow from EEAM: the probability of failure of the infrastructure; infrastructure usage (demand)


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