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GAO-10-541R 1 (2010-05-13)

handle is hein.gao/gaobaansr0001 and id is 1 raw text is: A GA O .. .. A aointab lty I Integrity I Re|ability United States Government Accountability Office Washington, DC 20548 May 13, 2010 The Honorable Patty Murray Chairman The Honorable Christopher Bond Ranking Member Subcommittee on Transportation, Housing and Urban Development, and Related Agencies Committee on Appropriations United States Senate The Honorable John W. Olver Chairman The Honorable Tom Latham Ranking Member Subcommittee on Transportation, Housing and Urban Development, and Related Agencies Committee on Appropriations House of Representatives Subject: St. Lawrence Seaway: Estimates for the Asset Renewal Program Will Change, and Implementing Best Practices May Improve the Estimates'Reliability The St. Lawrence Seaway (the Seaway) is a 50-year-old binational transportation asset serving substantial manufacturing and service industries in both the United States and Canada. Jointly operated by the United States and Canada, the 15-lock Seaway has been used to move more than 2.5 billion metric tons of cargo, which includes iron ore, grain, and coal, valued at more than $375 billion, between the United States, Canada, and international markets since opening in 1959. A single ship on the Seaway can carry about 25,000 tons of cargo, which is the equivalent amount of cargo that 870 large trucks or 225 railcars can carry. The Saint Lawrence Seaway Development Corporation (SLSDC), a wholly owned government corporation within the U.S. Department of Transportation (DOT), operates and maintains the two locks owned by the United States and the navigation channels in U.S. waters between Massena, New York, and Lake Ontario. 1 In 2009, SLSDC initiated a 10- year U.S. Seaway Asset Renewal Program (ARP) for its navigation infrastructure and 'A government corporation is an entity for a public purpose established by the U.S. government in a corporate form by a federal charter, and subject to chapter 91 of Title 31 of the U.S. Code, commonly referred to as the Government Corporation Control Act. However, for the purposes of this report, we sometimes refer to SLSDC as an agency. GAO-10-541R

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