Delaware River Deepening Project: Comprehensive Reanalysis Corrected Errors, But Several Issues Still Need to be Addressed
DIANE Publishing, 2010 - 67 pages
In 1992 Congress authorized the U.S. Army Corps of Engineers (Corps) to implement the Delaware River deepening project, which would deepen the river's shipping channel from 40 to 45 feet. In 2002 a review of the Corps' economic analysis of the project, concluding that it contained significant limitations. It was recommended that the Corps prepare a comprehensive economic reanalysis, which the Corps completed in 2004. This report determined the extent to which: (1) the reanalysis addressed the limitations identified; (2) the reanalysis's benefit projections, as updated, reflect current and anticipated market and industry conditions; and (3) the Corps has accounted for other key issues that could affect the project. Charts and tables.
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2004 supplement 2009 economic update 45-foot channel additional Appendix Australia/New Zealand benefit assumptions benefit categories benefit-cost ratios benefits and costs blast furnace slag Broadkill Beach Comprehensive Economic Reanalysis containerized cargo benefits Corps officials cost estimates crude oil benefits crude oil imports decision makers decline deeper channel Delaware Bay Delaware City Delaware River deepening Delaware River refineries Department of Defense discount rate DMA’s documents draft dredged material Economic Reanalysis Report EIA officials EIA’s environmental groups Environmental Impact Statement firm’s forecasts growth rate industry conditions issues Jersey lightering firm lightering operations market and industry million oil benefit estimate OSG officials outlook Overseas Shipholding Group Pennsylvania Philadelphia district price levels project benefits project’s PRPA reduced lightering refined petroleum refinery capacity revised River deepening project sensitivity analysis state’s steel slabs Sunoco trade route transportation cost savings trucking U.S. Army Corps U.S. Geological Survey uncertainty associated vessels York/New Jersey