The Saint Lawrence Seaway Development Corporation recently released its Fiscal Year (FY) 2015 Annual Report. Fiscal Year 2015 was a very successful year with many projects and initiatives completed. The Corporation remained strongly committed to its effective operational program geared toward ensuring safety and reliability, and to its Asset Renewal Program focused on improving and renewing the U.S. Seaway infrastructure.
Starting in 2009, the SLSDC initiated its multi-year U.S. Seaway Asset Renewal Program (ARP) for its navigation infrastructure and facilities. The ARP projects and equipment included in the ARP Capital Investment Plan (CIP) address various needs for the two U.S. Seaway locks, the Seaway International Bridge connecting Ontario and New York, maintenance dredging, operational systems, and Corporation facilities and equipment. None of these investments will result in increases to the authorized depth or width of the navigation channel or to the size of the two existing U.S.
As directed in the Senate Report (S. Rept. 112-83) of S. 1596 (Transportation and Housing and Urban Development, and Related Agencies Appropriations Bill, 2014), the Saint Lawrence Seaway Development Corporation (SLSDC or Corporation) is providing an annual report to the House and Senate Appropriations Committees on the status of its multi-year capital Asset Renewal Program (ARP). Annual reports are expected to be sent to the Committees over the life of the program.
In accordance with the Chief Financial Officers Act of 1990 and the Comptroller General's Government Auditing Standards, the Saint Lawrence Seaway Development Corporation (SLSDC) annually presents a management report and financial audit of the organization. The Fiscal Year 2015 (October 1, 2014 - September 30, 2015) audit represents the SLSDC's 52nd consecutive clean audit, serving as a model for superior financial management within the U.S. federal government. Click below to review recent financial audits of the SLSDC: