![]() Local officials say the deeper channel will keep PhilaPort from being marginalized in the competition for the new vessel traffic. ![]() Army Corps of Engineers, the agency overseeing the dredging, estimated it will generate net annualized benefits of more than $13 million to the U.S. Mahoney hopes that by the end of March, PhilaPort can notify international shipping companies that the deeper river channel is open for traffic. Mahoney, director of marketing for the Port of Philadelphia, the state agency that is paying for 35 percent of the dredging costs - about $140 million of the total tab of $400 million, which has increased from its initial budget of $300 million. “We’ve been waiting a long time for this, but we’re excited,” said Sean E. ![]() The same could be said for the Delaware River deepening project, which officials say will finally be finished next year - nearly three decades after it was first approved, and two years behind schedule. ![]() Castillo, who is from West Palm Beach, Fla., was fortified with a case of bottled water, a cooler full of snacks, and a radio that he joked seemed only to receive stations playing holiday music. He glanced at a monitor depicting the scene 45 feet below the surface, where the excavator’s giant bucket gouged bedrock on a recent morning, deepening the river channel to accommodate a modern fleet of larger cargo ships. ![]() Steve Castillo ( pictured, below) reclined in a vinyl seat in the cramped cockpit of the New York, a 3,400-horsepower monster dredge, manipulating controls that extended the vessel’s mighty excavator arm deep into the dark waters of the Delaware River. ![]()
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