Private sector investments could expedite much-needed upgrades to Mississippi and Illinois River locks and dams, but there are significant questions about how such a system would work, according to a new study by the soybean checkoff.
The study investigates the risks and rewards of proposed Public-Private Partnerships (P3) for financing waterway infrastructure improvements and operations.
"There’s a lot of interest in it, but there’s not a lot of understanding," said Mike Steenhoek, executive director of the Soy Transportation Coalition. "There are some potential opportunities, but there are also some obstacles. We need to have our eyes wide open as we go into this."
A series of pilot projects to examine the feasibility of a...