But with the shutdown's end comes some news about ... the Ohio River, of all things. For me, it started with this basic news release that I read and thought, I'll have to put that on the blog this weekend. Here it is, from the Waterways Council Inc.
Arlington,
VA – The passage of last night’s Continuing Resolution to fund the
Federal government and raise the debt ceiling contained a provision to
raise
the
902(b) cap on the amount that can be spent on the Olmsted Project in
Illinois to $2.9 billion from the current $1.56 billion. The measure
does not appropriate funds, but allows work on the critically important
project to continue.
The U.S. Army Corps of Engineers informed the Inland Waterways Users
Board in August that the Olmsted project would be shuttered in November
2013 and would displace 400 workers if Congress did not act the raise
the cap.
In
response to the Corps’ announcement, the Senate-passed Water Resources
Development Act (WRDA) bill, the House Water Resources Reform
Development
Act (WRRDA) bill, and the FY 2014 Energy & Water Appropriations
bill all contain provisions to raise the 902(b) cap but will not become
law before the project would have shut down in November.
If
Olmsted were to have shut down, according to the Corps, it would have
cost $40 million to restart the project, and of course, needlessly
delay its delivery.
“To
be clear, no money has been expended in this action by Congress. It
simply raises the ceiling on the cost of project that was set in 1986 to
allow work to continue in 2013
and beyond,” said Michael J. Toohey, President/CEO, Waterways
Council, Inc. (WCI) “This important project in Illinois has a 7.4 to 1
cost-benefit ratio as determined by the Corps of Engineers’ Chief’s
Report approved by Congress, and is estimated to return
more than $410 million annually in transportation cost savings and
benefits when it is completed,” he continued.
But there's always a story behind the story. Within hours, I saw this on the Bloomberg BusinessWeek website.
Don’t tell American Electric Power (AEP:US)
Co. that a part of the U.S. budget agreement allowing an Ohio
River lock reconstruction project to continue is a sweetheart
deal for Senate Minority Leader Mitch McConnell.
Other news folks picked up the Bloomberg story and ran it.
And today I found this version:
The last-minute addition to the fiscal deal this week of a $1.2 billion
boost in the spending cap for an embattled waterway project in the home
state of Senate Republican leader Mitch McConnell kicked up a political
storm, but the "Kentucky Kickback" has jittery inland-shipping interests
on the busy Ohio River breathing a sigh of relief.
There are others. There will be more. Doing my own Olmstead story is on my Ohio River bucket list, which gets longer every week.
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