In a recent letter to the Director of the Office of Management and Budget, the CEO Council for Growth advocates for adequate funding in the President’s FY16 Budget Request for the completion of the Delaware River Deepening Project. Dredging the main channel from 40 to 45 feet will allow the Delaware River ports to accommodate today’s larger ships carrying more cargo which will reduce the cost of moving cargo through the ports and enhance their competitiveness amongst other regional ports. The total project is about 80% complete or under contract and close to its expected completion in 2017. However, continued federal funding in the remaining years must continue if the project is to achieve its intended economic potential. In the months ahead, the CEO Council will work with our Congressional delegation to urge that Congress approve in the upcoming FY16 Energy and Water Appropriations bill the entire $62.5 million that we believe the Army Corps of Engineers needs next year for continued deepening of the Delaware River Main Channel.
The full letter can be read here.