Rehabilitating Locks and Dams in the Upper Mississippi Waterway Through PPP: A New Business Model
Yoshinori Suzuki
Abstract:Many supply chains rely on barge transportation along the Upper Mississippi waterway system. However, locks and dams that enable traffic flows through the waterway system are aging and causing disruptions frequently, bringing considerable financial damages to shippers. Cost of the major system rehabilitation is estimated to be over $1 billion, and the prospects for getting such a large funding from the government are bleak. Public-private partnership (PPP) based on the conventional business model that requires… Show more
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