US allocates aid to ports for supply chain
WASHINGTON (AP) — U.S. Transportation Secretary Pete Buttigieg is offering a grant of more than $241 million to improve U.S. ports that crowd the U.S. supply chain along with infrastructure improvements as part of Biden’s government’s short-term plan. which streamlines the flow. for good
The money will be available immediately for 25 projects in 19 states. The following year, under the new infrastructure law, the amount of funding for port improvements would nearly double, with a grant of $450 million per year for five years.
“US ports play an important role in our supply chains,” Buttigieg said in Thursday’s announcement. “These investments in our nation’s ports will help support American jobs, efficient and resilient operations, and the rapid delivery of goods to the American people.”
Biden on Wednesday described the new grant as part of efforts to ease supply constraints in the short and long term.
“This fall we heard very serious warnings about supply chain problems that would lead to a crisis around the holidays, so we took action,” Biden said. “We brought companies and union leaders together to solve problems, and the anticipated crisis didn’t happen. Packages are underway. Gifts are given. The shelves aren’t empty.”
Grant funding includes $52.3 million to improve rail capacity in the Port of Long Beach, California, with a new rail facility, 10,000 feet of support track, and more to accelerate the movement of goods and reduce the number of truck trips required. Expansion of five existing tracks for Rs. ,
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