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Close to $1 billion in federal infrastructure bill funding is going to the St. Louis region, including $732 million for a new 1,200-foot lock at Lock and Dam 25 to replace the 1939-era 600-foot lock. The Army Corps says the current lock forces long tow breakups, and the new lock would cut passage time from up to 2.5 hours to 45 minutes.
This is a long-term capacity upgrade that will not change near-term supply, but it reduces a single point of failure for Upper Mississippi grain barge traffic and supports US export competitiveness.
waterwayscouncil.orgWaterways CouncilJan 31, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
