USA: Committee OKs Issuance of USD 120 Million for Charleston Dredging

As postandcourier.com reports, a Senate committee approved a measure Tuesday that would allow the state to issue $120 million in bonds to deepen the Charleston port if federal funding for the work falls through.

Sen. Larry Grooms said: “We’re making sure we can tell the world that just in case the federal government doesn’t or can’t fulfill funding, then South Carolina will.”

The move is an attempt to make sure the state’s largest port, a major state economic driver, can accommodate bigger cargo ships expected to follow the completion of the Panama Canal expansion in 2014.

There’s concern from some South Carolina elected officials that the national fiscal climate could lead the federal government to not provide its $120 million share of the estimated $300 million Charleston port-deepening project.

Dredging Today Staff, April 18, 2012;

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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