Saint Lawrence Seaway Development Corporation Annual Report, Fiscal Year 2010

摘要

This is the annual management report and financial audit of the Saint Lawrence Seaway Development Corporation (SLSDC) for the fiscal year ending September 30, 2010. This report presents the financial integrity and operational accomplishments of the Corporation during FY 2010. The U.S. Saint Lawrence Seaway Development Corporation (SLSDC), a wholly-owned government corporation and an operating administration of the U.S. Department of Transportation (DOT), is responsible for the operations and maintenance of the U.S. portion of the St. Lawrence Seaway between Montreal and Lake Erie. This responsibility includes maintaining and operating the two U.S. Seaway locks located in Massena, N.Y., and vessel traffic control in areas of the St. Lawrence River and Lake Ontario. In addition, the SLSDC performs trade development functions designed to enhance Great Lakes St. Lawrence Seaway System utilization. The Great Lakes Seaway System annually sustains more than 150,000 U.S. jobs, $4.3 billion in personal income, $3.4 billion in transportation-related business revenue, and $1.3 billion in federal, state, and local taxes. The binational waterway also provides approximately $3.6 billion in annual transportation cost savings compared to competing rail and highway routes. During FY 2010, the Corporation remained strongly committed to its effective operational programs geared at ensuring safety and reliability and to its 10-year capital Asset Renewal Program focused on improving and renewing its U.S. Seaway infrastructure assets. The SLSDC met all of the core performance metrics, including maintaining an annual reliability rate greater than 99 percent and performing safety and environmental inspections for 100 percent of oceangoing vessels entering the waterway.