Inland Waterways, Inc., 10 South Brentwood Blvd., Clayton, Mo. 63105, has applied for Title XI financing to aid in construction of five covered hopper barges and refinancing of five others.
The barges will be used on the inland and intracoastal waterways of the United States Gulf Coast.
United States Steel Corporation, AmerBridge Division, Ambridge, Pa., built and delivered the first five barges in 1980. Dravo Corporation, Engineering Works Division, Neville Island, Pa., is building the remaining vessels, for delivery in September.
If approved, Title XI financing would cover $2,577,750 or 87 1/2 percent of the estimated actual cost of $2,947,205.