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Keynote Address: The Importance and Economic Status of America's Ports and Harbors
Pages 7-10

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From page 7...
... Port managers believe that their ports -- large or small -- are unique major business enterprises, producing significant economic benefits for their communities and providing essential transportation services for world commerce. The United States' port industry contributes mightily to our national economy as well, and pours billions of dollars into the federal treasury.
From page 8...
... Criterion 6 states, "Projects will be given expedited consideration where state governments assume a share of costs over the above existing cost sharing. Besides this subtle pressure to expand cost sharing without Congressional approval, the Corps of Engineers recently began to require sponsors to agree in principle to future five percent cost sharing for new or modified navigation projects.
From page 9...
... They, too, are hard pressed by inflation. A recently published report of the National Transportation Policy Study commission projects that under conditions of medium growth, the capital investment requirements of the ports, harbors, and facilities of the United States serving international marine transportation will total S12.
From page 10...
... Despite mounting evidence that coal exports could make a very substantial contribution to this country's position in world trade, major port-deepening projects that would directly affect major coal ports, such as Baltimore and Hampton Roads, have been held up by budgetary considerations, problem. in securing permits, and prolonged legal proceedings.


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