Army Corps of Engineers: New Lock at Soo Project Gets Updated, Increased Benefit Cost Ratio
July 20, 2023
July 20, 2023
SAULT STE. MARIE, Michigan, July 20 -- The U.S. Army Corps of Engineers-Detroit District issued the following news release:
The U.S. Army Corps of Engineers, Detroit District New Lock at the Soo project fiscal year 2023 (FY23) Supplemental Economic Update has been approved with a policy-compliant Benefit Cost Ratio (BCR) of 2.1 at the 2.5% Federal Discount Rate, allowing the Corps of Engineers to more accurately document benefits and analyze the value this project will bring.
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The U.S. Army Corps of Engineers, Detroit District New Lock at the Soo project fiscal year 2023 (FY23) Supplemental Economic Update has been approved with a policy-compliant Benefit Cost Ratio (BCR) of 2.1 at the 2.5% Federal Discount Rate, allowing the Corps of Engineers to more accurately document benefits and analyze the value this project will bring.
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