TCB River Barge Asks Title XI for Towboat And 80 Barges At $29.7 Million

TCB River Barge, Inc., a subsidiary of Twin City Barge, Inc., South St. Paul, Minn., has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of a towboat and 80 river barges.

The barges will be of two types. Forty will be 195-foot-long rake hopper barges. The remainder will be 200-foot box hopper barges. The towboat will be 147 feet long with two 2,600-horsepower diesel engines.

All of the vessels will be operated on the U.S. inland waterways and on the Gulf Intracoastal Canal. They are scheduled to be delivered in 1982. Superior Boat Works, Inc., Greenville, Miss., will build the towboat. No builder has been named for the barges.

If approved, the Title XI guarantee would cover $22,517,719, or 87 1/2 percent of the barges' and 75 percent of the towboat's $29,710,292 combined estimated cost.