AAPA Chairman Testifies Before Senate Committee on Water Resources Development Act Testimony emphasizes importance of investment in waterside infrastructure
WASHINGTON, D.C. (Sept. 20, 2012) – Jerry Bridges, the American Association of Port Authorities’ Chairman of the Board and Executive Director of the Virginia Port Authority, testifying today on behalf of AAPA before the U.S. Senate Environment and Public Works Committee, stressed the need to authorize new navigation projects to keep the Nation competitive in the world economy and promote jobs and economic activity in the U.S. He also addressed the need to put streamlining and efficiency provisions in place that will allow projects to move along more quickly.
Mr. Bridges told attendees of the hearing, entitled “Water Resources Development Act:Growing the Economy and Protecting Public Safety,” that while seaports and their private sector partners are investing heavily in infrastructure, expecting to spend $46 billion over the next five years, the inability of the federal government to uphold its end of the partnership in sharing project costs to finance new infrastructure and to fund channel improvement projects has resulted in a significant loss of jobs and income.
“Having been a port director at major ports on both the East and West Coasts, I can unequivocally assure you that dredging impacts the bottom line at every port, on the dock, at the terminals and in the yard,” he said. “It also directly impacts the transportation savings we are able to create for all who depend on the port and the federal channels that covers over 90 percent of our world trade. Dredging directly equates to jobs, income and international competitiveness.”
He cited the recently released American Society of Civil Engineers (ASCE) report entitled “Failure To Act: The Economic Impact of Current Investment Trends in Airport, Inland Waterways and Marine Ports Infrastructure,” which finds that aging infrastructure for marine ports, inland waterways, and airports threatens more than one million U.S. jobs. The report concludes that unless America’s infrastructure investment gaps are filled, transporting goods will become costlier, prices will rise, and the United States will become less competitive in the global market. As a result, employment, personal income, and GDP will all fall due to inaction.
He urged the Committee to develop and quickly pass a Water Resources Development Act to address project streamlining and efficiency as well as federal funding, including full use of the harbor maintenance tax.
About AAPA
Founded in 1912, AAPA today represents more than 130 of the leading seaport authorities in the United States, Canada, Latin America and the Caribbean and about 300 sustaining, associate and honorary members, firms and individuals with an interest in seaports. As a critical link for access to the global marketplace, each year, Western Hemisphere seaports generate about US$9 trillion of economic activity, support the employment of tens of millions of people and import and export about 8 billion tons of cargo, including food, clothing, medicine, fuel and building materials, as well as consumer electronics and toys. As Western Hemisphere populations continue to rise, so too does the demand for goods, services and cruise offerings that depend on our seaports. To meet these demands, the AAPA and its members are committed to keeping seaports navigable, secure and sustainable.
Mr. Bridges told attendees of the hearing, entitled “Water Resources Development Act:Growing the Economy and Protecting Public Safety,” that while seaports and their private sector partners are investing heavily in infrastructure, expecting to spend $46 billion over the next five years, the inability of the federal government to uphold its end of the partnership in sharing project costs to finance new infrastructure and to fund channel improvement projects has resulted in a significant loss of jobs and income.
“Having been a port director at major ports on both the East and West Coasts, I can unequivocally assure you that dredging impacts the bottom line at every port, on the dock, at the terminals and in the yard,” he said. “It also directly impacts the transportation savings we are able to create for all who depend on the port and the federal channels that covers over 90 percent of our world trade. Dredging directly equates to jobs, income and international competitiveness.”
He cited the recently released American Society of Civil Engineers (ASCE) report entitled “Failure To Act: The Economic Impact of Current Investment Trends in Airport, Inland Waterways and Marine Ports Infrastructure,” which finds that aging infrastructure for marine ports, inland waterways, and airports threatens more than one million U.S. jobs. The report concludes that unless America’s infrastructure investment gaps are filled, transporting goods will become costlier, prices will rise, and the United States will become less competitive in the global market. As a result, employment, personal income, and GDP will all fall due to inaction.
He urged the Committee to develop and quickly pass a Water Resources Development Act to address project streamlining and efficiency as well as federal funding, including full use of the harbor maintenance tax.
About AAPA
Founded in 1912, AAPA today represents more than 130 of the leading seaport authorities in the United States, Canada, Latin America and the Caribbean and about 300 sustaining, associate and honorary members, firms and individuals with an interest in seaports. As a critical link for access to the global marketplace, each year, Western Hemisphere seaports generate about US$9 trillion of economic activity, support the employment of tens of millions of people and import and export about 8 billion tons of cargo, including food, clothing, medicine, fuel and building materials, as well as consumer electronics and toys. As Western Hemisphere populations continue to rise, so too does the demand for goods, services and cruise offerings that depend on our seaports. To meet these demands, the AAPA and its members are committed to keeping seaports navigable, secure and sustainable.