1. CORPS BEGINS NEW ECONOMIC STUDY OF CHANNEL PROJECT

The U.S. Army Corps of Engineers said it will recalculate the economics
of deepening the lower Columbia River channel using costs and benefits
that more closely describe the project as it has evolved since its 1999
report.

The Corps, along with lower Columbia River ports, is proposing to deepen
the river by three feet in order to accommodate deeper draft boats.

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