Washington D.C. – Price tag to dredge Eastern ports for big ships: $5 billion – USA TODAY

SAVANNAH, Ga. – U.S. seaports in the Southeast likely need up to $ 5 billion to deepen their shipping channels so they can trade with super-size cargo ships expected to arrive soon through an expanded Panama Canal, a federal agency said Thursday in a report to Congress.

The report, from the U.S. Army Corps of Engineers, is in response to Congress’ request to examine improvement needs among the nation’s ports as local governments scramble for federal funds to deepen their harbors to make room for a growing fleet of giant commercial ships…Read Entire Article Here

June 21, 2012

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