By a vote of 228 to 206, the United States House of Representatives approved HR 3684, Infrastructure Investment and Jobs Act (the bipartisan infrastructure package), passed by the Senate. The bill is submitted to the president for promulgation.
For the country’s waterway system, historic funding of $ 2.5 billion 100% from the federal government is planned for major construction and rehabilitation of inland waterways. In addition, the navigation projects of the Capital Investment Strategy (CIS) will be a priority. When $ 2.5 billion is associated with annual appropriations over the next five years, two-thirds of the CIS portfolio could potentially be funded to completion.
“The WCI is grateful that the Infrastructure Bill has passed and looks forward to working with Congressional leaders and the administration to implement the 2020 Capital Investment Strategy to significantly modernize the system. US waterway transportation, âsaid Tracy Zea, WCI President / CEO.
This is a unique opportunity to modernize the national inland waterway transport system to ensure energy security, increase global competitiveness and further improve our environmental footprint.
Project-specific funding will be allocated in a detailed expenditure plan by the Chief Engineer of the US Army Corps of Engineers and must be submitted to the House and Senate no later than 60 days after promulgation. No later than 120 days after the passage of the bill, the chief engineers must provide a monthly report to the appropriations committees of the House of Representatives and the Senate, detailing the allocation and obligation of funds, and new construction projects selected to be initiated.
In other good news, the Corps’ O&M account for all activity positions within its civil works mission will receive $ 4 billion on the infrastructure bill. Inland waterway projects and dredging are eligible for funding to be allocated in a Corps expenditure plan.