The CEO Council for Growth applauds the Obama Administration and our Congressional Delegation for their work in securing nearly $100 million dollars over the next two years for the Delaware River Main Channel Deepening Project. Dredging the main channel from 40 to 45 feet will allow the Delaware River ports to accommodate today’s larger ships, reduce the cost of moving cargo through the ports, and enhance their competitiveness among other regional ports. This important announcement provides funding for continued work on this regional project, which ensures the future economic health and vitality of the Delaware River maritime complex. The CEO Council has long advocated for adequate funding of this project, which is about 80% complete or under contract, and on track for completion in 2017.
Recently, the CEO Council sent a letter in support of funds to the Office of Management and Budget.