Water Resource Management and Economics Conference

Transcription

1 Water Resource Management and Economics Conference THE VALUE OF WATER BG C. David Turner Commanding General, USACE, South Atlantic Division 22 October 2014 US Army Corps of Engineers

2 And Inland from the Coasts Inland waterways need to be maintained (both channel depth and reliability) to service opportunities for growth in agricultural exports. 2

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4 Ever Larger Containerships Driving Need for Ever Larger Channels Pre ,700 TEU <10 Containers Wide ,305 TEU Containers Wide ,220 TEU Containers Wide ,848 TEU Containers Wide ,600+ TEU Containers Wide SEA LEVEL < > 46 4

5 Seattle Potential Post-Panamax Ports 52 (Proposed depth of controlling channel in feet) Columbia R Coos Bay 50 Oakland 53 L.A./Long Beach President s We Can t Wait Initiative Advancing key infrastructure projects at 5 East Coast ports: NY / NJ Charleston Savannah Jacksonville Miami 50 N.Y./N.J. 50 Baltimore 50 Norfolk San Diego 47 Sabine- Neches Waterway 55 Mobile Houston/Galveston Freeport 56 Miss. R.: Gulf to 52 Corpus Baton Christi Rouge 52 Brazos Island 52 Port Everglades Charleston 47 Savannah 47 Jacksonville40Ponce Miami Ready today Authorized Study Underway 5

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7 Trends Population and incomes are growing worldwide and within the U.S. Trade follow growth in population and income. It has increased 100-fold since

8 U.S. Population Growth Expected to Be Greatest in the South and West 8

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10 USACE CW s Economic Benefits & Revenues to the Treasury Program ( Average) Each dollar spent on the USACE Civil Works program generated ~ $16 in economic benefits and $5 in revenues to the U.S. Treasury. NED Benefits (Billions of Dollars) Net NED Benefits (Billions of Dollars) U.S. Treasury Revenues (Billions of Dollars) Flood Risk Management $59.47 $58.84 $18.90 Coastal Navigation $9.47 $8.70 $3.70 Inland Navigation $8.10 $7.51 $2.07 Water Supply $7.00 $6.98 $0.09 Hydropower $2.30 $2.11 $1.37 Recreation $3.20 $2.91 $1.13 Leases and Sales $0.03 Total Annual NED $89.54 $87.05 $27.29 Notes: (1) Net NED benefits are defined as NED benefits less the costs of operations, maintenance, and investigations. Since the costs associated with expenses and oversight by the Assistant Secretary of the Army (ASA) serve all Corps programs, including those we did not calculate benefits for in this report, this report does not account for those costs.". (2) The Benefits and Revenues numbers are not additive. 10

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12 The Power of Leadership and Vision It is because we have undertaken this gigantic task that will take us more than a generation to complete, because we have undertaken it now, and the people of the United States understand the objective of the idea, that I feel very certain we are going to carry it through to a successful completion. - President Franklin Delano Roosevelt, at Fort Peck Dam, 1934

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14 Changing Perspectives on Infrastructure United States Other Emerging Powers Investments Enabling Resilience & Recapitalization Environmental Enlightenment Economic Efficiency Nation Building Driving Forces Agriculture - Food Industrial - Manufacturing Transportation Energy - Hydrocarbon Technology Today 2010s 2000s 1980s 1960s 1940s 1920s 1900s 1800s Wear and Tear Disabling ~75% of the US population was born after Less than 25% of the population experienced the building of our nation s key infrastructure Hierarchy of Public Works Needs 14

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16 A Dream is Just a Dream A Goal is a Dream with a Plan and a Schedule One of the great mistakes is to judge policies and programs by their intentions rather than their results. 16