Some Economic Aspects of Waterway Projects

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Abstract
The problem of economic feasibility of waterway projects in the United States is studied in this paper, and many of the allegations of malpractice of the Corps of Engineers (United States Department of the Army) are refuted. Evidence is presented to show that the development of inland waterways in this country has in general resulted in traffic increases that more than justify the improvements and that criticism of such development has frequently been founded on unreliable information. Rate-making and other competitive practices among the several forms of transportation are explored in their bearing on waterways economics, and conclusions are drawn. The paper was presented before the Society in 1952.

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