Water Resources bill passes in U.S. House, should increase port dredging for mega ships
Wednesday, May 21, 2014
The U.S. House of representatives passed a $12.3 billion water resources bill that lawmakers said would boost dredging to accommodate larger ships built to transit the expanding Panama Canal. The bill would authorize 34 projects including dredging, flood control, hurricane recovery and environmental restoration.
The Water Resources Reform and Development Act, H.R. 3080, would also revamp the way major U.S. shipping projects are funded with ports paying the cost of deepening harbors up front and seeking reimbursement from the government.
The measure would expand the number of U.S. ports that can handle super freighters to take advantage of the expanding Panama Canal. The increased container capacity would reduce shipping costs for exporters.
Senate Majority Leader Harry Reid said the Senate would act on the compromise bill.