Word: seaway
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Dates: during 1950-1959
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...LAWRENCE SEAWAY...
Thus on Dominion Day, the 91st anniversary of Canada's confederation, the big neighbors of North America thunderously marked completion of the major works in the building of the St. Lawrence Seaway and Power Project (see color pages). For three days the unstopped waters of the St. Lawrence rushed into the basin above the international St. Lawrence Power Dam, and on July 4, Independence Day for Canada's U.S. partner in the project, the newborn lake reached its predicted shore line. Turbines in the power dam turned in test runs, and the U.S. Coast Guard buoy tender Maple...
...seaway's significance lies in a single figure: 27 ft. When the builders complete a channel that deep, 80% of the world's cargo ships will be able to steam-with at least a few inches of water under their keels-into any port along the Great Lakes' 8.300-mile shore line. Cities in the great Midwest of the U.S. will become ocean-going ports. Chicago will be linked to Calcutta, Duluth to Antwerp, Toronto to Brisbane. Detroit's Chrysler Corp. will be able to ship a Plymouth sedan to Oslo for $45 less than...
Already the seaway's impact has been felt far and wide...
Because of its greater outlays in seaway construction, the Canadian seaway agency will retain 71% of all tolls for the St. Lawrence River; the U.S. will get 29%. The toll committees estimated that the rate structure they recommended will meet all operating costs of the seaway, pay off construction costs over a 50-year period...