2/29/2024 0 Comments Ud dredge modernThere is also the 2022 approved Water Resources Development Act which featured a $6 billion authorization for the deepening of New York and New Jersey shipping channels as well as $30 billion, yes $ 30 billion!, for the Coastal Texas Program, which is for reducing risks to vulnerable populations, environment, and infrastructure, restoring ecosystem, and advancing coastal resiliency. (Approx.$1.6 billion is allocated towards dredging.) In addition, Congress approved an additional $1.48 billion in the Disaster Relief Supplemental Appropriations Act for 2023 for the USACE to make the necessary repairs to infrastructure impacted by hurricanes and other natural disasters and to initiate beach renourishment projects. In fact, 2023 was the second year of a record budget allotment of $8.66 billion of which $2.32 billion came from the Harbor maintenance Trust Fund (HMTF). The USACE and Congress have recognized how critical dredging is to the nation’s economic well-being b y allocating monies for it every year. It’s hard to imagine where the economy would be without dredging. Maintaining our rivers for commerce and flood control and restoring our beaches and marshes to preserve the environment and protect real estate are all essential outcomes from dredging. Dredging is what allows our ports to accept the new super Panamax vessels by both deepening and widening the channels. A major component of maintenance is dredging. Without the proper maintenance of our marine infrastructure the nation would face critical supply issues and lose potential international trade opportunities. DredgeWire recently surveyed dredging contractors to try and understand the reason(s) why so many critical Corps (USACE) projects seem to have been delayed in the past year and continue to be so far in 2023.īetween 70-75% of the nation’s imports and exports pass through our ports, harbors, and waterways.
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