Senate Finance Committee Hears Resolution for Davisville Port Bonds (USA)

The Senate Finance Committee will convene today, May 22, at 2 p.m. in Room 211.

The following is among the bills scheduled for a hearing and possible consideration:

– Sponsored by Sen. Maryellen Goodwin, this resolution authorizes the Rhode Island Economic Development Corporation (EDC) to issue harbor, pier and port revenue bonds to finance improvements in and around the port of Davisville. The companion bill (2012-H 7730A), sponsored by Rep. Helio Melo (D-Dist. 64, East Providence), is also on the agenda.

The port of Davisville is in a unique position because it is the only port on the East Coast that is not subject to the federal harbor maintenance tax. With the recommendation of the Special Legislative Commission to Study Potential Economic Opportunities in the Development of Port Facilities in the State of Rhode Island, this resolution would allow the release of state funds to complete dredging at the port and avoid utilizing federal monies, which would trigger the federal tax.

Dredging Today Staff, May 22, 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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