摘要: |
In this issue, we report on the delays and cost increases expected on the Kentucky Lock Addition Project. The Corps of Engineers reported them to members of the Inland Waterways Users Board in its first meeting since it was reconstituted after a "zero-based review" of advisory committees. The Corps reported that "market conditions" had changed, causing price adjustments to timelines and contracts with contractors.A lot had happened since the previous Users Board meeting in 2020. The inland waterways industry has had cause to celebrate following the passage and signing of the historic Infrastructure Investment and Jobs Act (IIJA). But even as the ink was drying, inflation was already rearing its head. It has been a problem since last year, when consumer spending, pent up from years of coronavirus lockdowns and fueled by generous stimulus packages, roared back to life, contributing to price increases, trade imbalances and supply chain difficulties. |