SAVANNAH, Ga. (AP) — A federal agency says Gulf and Southeast U.S. ports will need big help getting ready to trade with supersized cargo ships expected to arrive through an expanded Panama Canal. The Army Corps of Engineers says deepening harbors to accommodate the giant ships could require up to $5 billion.
The Federal Emergency Management Agency is providing another $9.2 million to help southeast Louisiana recover from Hurricane Katrina.
St. Bernard Parish is getting back $1.4 million spent to demolish and remove thousands of houses that couldn't be repaired after the 2005 storm.
The largest grants are $3.3 million to repair flood and wind damage at Brown Hall on the Southern University at New Orleans campus, and nearly $3 million for a crane rail extension at the Port of New Orleans.
A new study released at the Port of New Orleans says sediment in the Mississippi River is building up at rates that could severely clog commerce. Eileen Fleming reports maritime interests say more dredging is essential to the U.S. economy.
Officials with the city and port of New Orleans formally accepted a nearly $17 million-dollar Transportation Department grant to build a specialized rail yard at the Napoleon Avenue container terminal.
Port President Gary LaGrange says it's a critical project needed for future growth.