Survey Results Show $8.4 Billion Committed to Great Lakes-St. Lawrence Seaway Shipping
By GLSR Staff |
A binational coalition of Great Lakes and St. Lawrence maritime organizations have released a new survey of infrastructure investments by both the public and private sector in the Great Lakes-St. Lawrence Seaway navigation system.The report was sponsored by the American Great Lakes Ports Association, the Lake Carriers’ Association, the Shipping Federation of Canada, the Chamber of Marine Commerce, the St. Lawrence Seaway Management Corporation and the Great Lakes St. Lawrence Seaway Development Corporation.The survey focused on vessel operators, ports, terminals, government agencies and other entities to determine the level of investments made in the navigation system over the past five years. More than 700 private companies and government agencies in the United States and Canada took part in the survey.Highlights from the survey include:
- $8.4 billion has been committed by the public and private sector in infrastructure improvements of the Great Lakes-St. Lawrence Seaway system from 2018-2027.
- $5.7 billion was invested in the Great Lakes-St. Lawrence Seaway system over the last five years.
- $636 million was invested by vessel operators for new ships and upgrades over the last five years. Another $328 million will be invested by 2027.
- $2.1 billion was invested by Great Lakes ports and terminals for facility improvements and equipment between 2018-2022. An additional $1.1 billion will be invested by 2027.
- $3 billion was invested in locks, navigation channels and breakwaters. Another $1.2 billion will be invested by 2027.
The survey was conducted by Martin Associates of Lancaster, Pennsylvania. The purpose of the survey is to provide maritime stakeholders, policy makers and the public with information regarding the level of investments being make in the Great Lakes-St. Lawrence Seaway system.
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