US ports win record funding for improvements

294332_railyard_25_679825

Source: Port of Long Beach

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced over US$653 million to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (PIDP).

The investment underscore the Biden-Harris Administration’s continuing focus on strengthening the country’s ports and supply chains as part of President Biden’s ’Investing in America’ agenda. The investment is also intended to improve their resilience to potential future shocks.

The funding will help grow capacity and increase efficiency at coastal seaports, Great Lakes ports and inland river ports.

A significant portion of domestic and international U.S. commerce by weight, (over 2.3 billion short tons) moves by water. The port improvement projects will strengthen supply chain reliability, create workforce development opportunities, speed up the movement of goods and improve the safety, reliability and resilience of ports.

Continue this article…

Already subscribed? SIGN IN now

V2-MS

Sign up for FREE to continue this article!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the shipping sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the shipping industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!