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 <title>Delaware River Deepening Project: Comprehensive Reanalysis Needed</title>
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<abstract>The U.S. Army Corps of Engineers&apos; February 1992 Final Interim
Feasibility Study and Environmental Impact Statement reported	 
that deepening the Delaware River ship channel from 40 to 45 feet
was economically justified and environmentally feasible. However,
it does not provide a reliable basis for deciding whether to	 
proceed with the project. In particular, GAO&apos;s analysis of the	 
Corps&apos; 1998 benefit estimate identified several miscalculations, 
invalid assumptions, and the use of significantly outdated	 
information. In addition, a number of unresolved issues and	 
uncertainties were not factored into the Corps&apos; economic	 
analysis, the outcome of which could either increase or decrease 
the benefits and costs of the project. Due to the shortcomings	 
GAO identified in the Corps&apos; analysis, the actual economic merits
of the project will not be reliably known unless the Corps	 
comprehensively reanalyses it. The Corps of Engineers has largely
addressed environmental concerns related to the project to the	 
satisfaction of federal and state environmental agencies.	 
However, a number of unresolved issues remain, including the	 
issuance of a permit from the state of Delaware governing	 
construction projects that affect state waters.</abstract>
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 <topic>Marine engineering</topic>
 <topic>Economic analysis</topic>
 <topic>Inland waterways</topic>
 <topic>Waterway costs</topic>
 <topic>Land management</topic>
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