Skip to content Skip to navigation

3. President puts spotlight on crumbling river infrastructure vital to grain exports

The centerpiece of Trump's infrastructure plan is $200 billion in tax breaks for businesses that the Trump administration expects would leverage $1 trillion in infrastructure projects around the country. Trump said the nation's infrastructure is crumbling and a disaster in need of serious upgrade.In May, the White House budget plan called for changing the Inland Waterways Trust Fund to increase fees paid by commercial navigation users of the waterways. The federal government would lower the 50% match for capital costs on locks and dams. Right now, the inland waterway system requires $8.7 billion in maintenance and the maintenance backlog is only getting worse, the White House stated. The White House sent out a fact sheet noting that inland waterways delivered more than 575 million tons of cargo, valued at $229 billion, according to the American Society of Civil Engineers. Further, American steel production is entirely dependent on the inland waterways system, the White House stated. According to the ASCE, most of the locks and dams needed to travel the internal waterways are past their 50-year lifespan and nearly 50% of voyages suffered delays.

Article Link: 
Article Source: 
The Progressive Farmer
category: