12.15.14

SCHUMER ANNOUNCES $1.1 BILLION IN FED FUNDING FOR HARBOR MAINTENANCE PROJECTS, AN INCREASE OF $100 MILLION OVER LAST YEAR’S FUNDING LEVEL, HAS CLEARED CONGRESS – URGES PRESIDENT TO SIGN-OFF & MAKE FUNDS AVAILABLE FOR DREDGING PROJECTS AT GREAT LAKES HARBORS

Harbor Maintenance Trust Fund Provides Funding for Dredging Projects, Jetties & Breakwaters in Ports Like Buffalo, Rochester & Oswego – Fund Has Been Dwindling Over Years, Keeping Major Projects on Hold; Funding in Omnibus Bill Will Help Get Projects Underway

Schumer Says That First Ever “Great Lakes Funding Set Aside,” Secured Earlier This Year, Combined With Increased Federal Funding Mean More Money Will Flow to NYS – Set Aside Requires Great Lakes Harbors be Treated as One Navigation System & Receive At Least 10% of Harbor Maintenance Trust Fund Dollars


Schumer: Final Signature Will Pump More Federal Funds Into Our Harbors

U.S. Senator Charles E. Schumer today announced that the Omnibus spending bill including $1.1 billion in funding for the Harbor Maintenance Trust Fund (HMTF), an increase of $100 million over last year’s allocation, has passed in both the House and Senate. The bill has cleared Congress and will head to the President’s desk for his final signature. The Harbor Maintenance Trust Fund provides funding for operations and maintenance of federal ports and harbors, including for dredging and upkeep projects at ports like Buffalo, Rochester and Oswego. Schumer explained that the funding amount in the omnibus bill will now make more federal funds available for Upstate New York projects, particularly because of a new provision, passed earlier this year, called the “Great Lakes Set Aside.” This provision, which Schumer pushed to include in the Water Resources Reform & Development Act (WRRDA) earlier this year that recognizes the Great Lakes as an interconnected commercial navigation system for the first time and prioritizes not less than 10 percent of the new, additional revenues coming into the Harbor Maintenance Trust Fund annually for “projects that are a priority for navigation in the Great Lakes Navigation system” and it also Great Lakes harbors to compete for another new 10 percent set-aside for “emerging ports and harbors.” That means, with this $100 million in additional funding for HMTF, the Great Lakes will receive an additional $10 million plus the ability to compete for an additional $10 million.

“This increased federal funding is a great shot in the arm for critical maintenance projects in Great Lakes harbors like Rochester, Buffalo, and Oswego that have gone unfunded for far too long,” said Senator Schumer. “These additional federal dollars, combined with an increased allocation I helped secure for Great Lakes ports, means more funding can flow to projects around the state. This program will make sure our Great Lakes harbors are dredged, so that commerce and trade can flow in and out of these Ports, and fuel Upstate New York businesses and jobs.”

Each year, about 145 million tons of commodities are carried through the Great Lakes Navigation System.  The materials transported include fuel that powers homes and businesses, limestone and cement to construct roads and bridges, iron ore to produce steel, chemicals and other raw materials for manufacturers, and agricultural products to feed our nation and the world.  This mode of transport has both economic and environmental advantages compared to alternative transportation options, and supports about 130,000 jobs in the U.S. and generates over $18 billion in revenues.  The Great Lakes Navigation System is a vital component of our regional economic infrastructure. It generates 230,000 jobs, $14 billion in wages and more than $33 billion in business revenue in North America.  Great Lakes shipping provides energy-efficient transportation of raw materials that fuel important sectors of our economy, including steel production, power generation, construction and agriculture.

Despite the benefits the Great Lakes Navigation System provides, inadequate funding and maintenance has resulted in a tremendous backlog of dredging projects that have forced vessels to light load, has grounded vessels, impeded safe navigation, and closed harbors and threatened other harbors with closure.  To further exacerbate the problem, the water levels of a number of the Great Lakes have reached record lows in the last few years. The impacts of the lack of dredging and other required maintenance, including lock improvements, breakwater repairs, and construction of dredged material disposal facilities, have economic consequences that hinder economic growth.

###



Previous Article Next Article