Could Soo Locks Closure 'Collapse' U.S. Economy?

Gov. Rick Snyder has sent a letter to Michigan's members of Congress formally requesting the federal government to fully fund reconstruction of portions of the Soo Locks.

Thu July 07, 2016 - Midwest Edition
Construction Equipment Guide


Upper Michigan Source is reporting that Gov. Rick Snyder sent a letter Tuesday to Michigan's members of Congress formally requesting the federal government to fully fund reconstruction of portions of the Soo Locks.
Upper Michigan Source is reporting that Gov. Rick Snyder sent a letter Tuesday to Michigan's members of Congress formally requesting the federal government to fully fund reconstruction of portions of the Soo Locks.

Upper Michigan Source is reporting that Gov. Rick Snyder sent a letter Tuesday to Michigan's members of Congress formally requesting the federal government to fully fund reconstruction of portions of the Soo Locks.

The letter asks the federal government to fund the replacement of the Davis and Sabin Locks with a larger, single lock to make waterway traffic and shipping more reliable, and prevent a potential economic collapse.

“The Soo Locks are a crucial shipping link for some our nation's biggest industries,” Snyder said.

“The increase in outages from maintenance, redundancy and capacity issues poses significant economic consequences for both Michigan and the nation. That's why I'm calling on the federal government to fund the much needed construction of this aging infrastructure.”

Construction was originally authorized by Congress in 1986, however a lack of appropriated funding has stalled the project.

A 2015 analysis by the U.S. Department of Homeland Security found an unexpected closure of the Soo Locks, especially if it coincides with the peak shipping season, could result in a cascading collapse of the U.S. economy, as three percent of U.S. GDP is reliant on the iron ore moving through the locks.

The report estimates significant disruptions to the production and shipping of steel, causing the production of almost all North American appliances, automobiles, railcars, and construction, farm and mining equipment to cease within weeks.

Construction of the new lock could generate as many as 15,000 construction jobs in the eastern Upper Peninsula.

“As we continue to address infrastructure needs across the state, the Soo Locks must be a priority,” Snyder said.

“Only by mitigating these risks now can we ensure future public safety and economic stability.”

Source: Upper Michigan Source


Today's top stories

Waukesha Water's $286M Pipeline Meets Federal Requirements

Case Introduces Factory-Fit Machine Control for Dozers

Longwall Expansion Under Way in Walker County

Trimble Announces TSC5 Field Data Controller for Land, Construction Surveying

Top 10 Big Ticket Equipment Items Sold at Orlando 2021

Long-Awaited Smithfield Gateway Project Begins in Pennsylvania

Great People, Equipment Spur Success for N.C. Contractor

Koss Construction Keeps I-555 Job On Track


 






ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo