Kathryn Clay, President of the International Liquid Terminals Association, has lauded Congressional passage of the Water Resources Development Act of 2020. The U.S. House of Representatives unanimously passed S.1811, a compromise bill, on December 8, while the Senate passed the measure late at night on Dec 21st, as part of a broad federal spending and coronavirus relief bill.
Clay announced, “During this period of increased partisanship in Washington, we were particularly pleased to see lawmakers work together to fund the maintenance, construction and improvement of our nation’s harbors, inland waterways and ports. Water infrastructure is critical to facilitate the trade we will require to help our economy recover and position the nation for long-term growth.
“This legislation invests heavily in our nation’s ports, harbors and inland waters. It unlocks the Harbor Maintenance Trust (port dredging) authority to include some $2 billion in additional funds annually for harbor maintenance needs from the existing balance of the HMTF. When combined with the CARES Act, WRDA 2020 provides a total of $3.5 billion to $4 billion in annual spending on port maintenance. Importantly, the bill provides more equitable allocation of harbor maintenance expenditures, while addressing the ongoing needs of the nation’s largest energy-transfer and commercial strategic seaports. The bill also invests additional federal resources in the construction of inland waterway projects, which are often connected to terminals.
“ILTA applauds Congress for making port, harbor and inland waterway infrastructure investment a priority by including it in the broad federal spending and coronavirus relief bill. We urge President Trump to sign this legislation into law.”
Founded in 1974, the International Liquid Terminals Association represents more than 85 companies operating liquid terminals in all 50 states and in over 40 countries. Our members’ facilities provide critical links between all modes of transportation for liquid commodities, such as crude oil, petroleum products, chemicals, renewable fuels, fertilizer, vegetable oils and other food-grade materials that are central to the U.S. economy. Terminals provide essential logistics services that spur trade both within the United States and connect the U.S. economy with overseas markets. ILTA’s membership also includes about 400 companies that supply equipment and services to the terminal industry.