Low Water Levels to Cause Negative Economic Impact, Study Says

A new Mowat Centre study conducted for the Council of the Great Lakes Region (CGLR) finds that if water levels remain low on the Great Lakes and the St. Lawrence River they will have a negative economic impact on the region that could reach $18 billion by 2050.

Following nearly three decades of higher than historic average water levels throughout the Great Lakes and St. Lawrence (GLSL) basin, water levels fell dramatically across the region in 1997-8. During the period between 1997-8 and 2012-3, for example, water levels in Lakes Superior and Michigan-Huron were substantially below historic averages.

In January 2013, Lake Michigan-Huron reached its lowest levels since the United States and Canada began coordinated measuring and tracking of water levels in 1918.

Towns, cities, and regions that rely more heavily on the shipping industry, on recreational boating and fishing activities or seasonal cottagers, and on hydroelectric generation, are the most vulnerable. For example:

– Jurisdictions relying on hydroelectric generation from the Niagara River, the Welland Canal, and Lake Ontario shores could face $951M through 2030 and $2.83B through 2050 in costs to replace lost hydroelectric production;

– Residential property owners in Ontario municipalities adjacent to the shores of Lake Huron could see property value losses of $403M through 2030 and $612M through 2050; those on the Ontario shores of Lake Erie could see losses of $340M through 2030;

– Lake Erie harbours could see $292M in added dredging and maintenance costs through 2030; Lake Michigan harbours could see $142M in similar added costs through 2030;

– Lake Huron marinas could experience $23M through 2030 and $69M through 2050, and Lake Michigan marinas could experience $18M through 2030 and $46M through 2050, in added dredging and maintenance costs;

– Iron ore shippers and producers, who have a strong presence around Lake Superior, could face losses to shipping capacity estimated at $220M through 2030 and $465M through 2050;

– Coal shippers and producers in the region could face losses to shipping capacity estimated at $190M through 2030 and $373M through 2050.

For the complete study click here.

Source: mowatcentre, June 27, 2014

 

Share this article

Follow Dredging Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

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

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply