Why U.S. ports are getting a $21 billion upgrade
Publishing timestamp: 2023-12-17 06:06:01
Summary
The article discusses the multimillion dollar grants that U.S. ports are receiving to upgrade their cargo handling infrastructure. These grants are part of the Biden administration's commitment to modernize port infrastructure. The Port of Baltimore is among the grant recipients and has received a $47 million grant for various improvements, including a new dock for rolling cargo. Other ports, such as the Port of Tacoma and the North Harbor Transportation System in Long Beach, have also received federal funds for infrastructure projects. The article highlights the importance of upgrading port infrastructure to attract ocean carriers and alleviate congestion at major points of entry. Additionally, it mentions the partnership between Ports America and the state of Maryland to manage operations at the Port of Baltimore, and the plans to address bottlenecks along the supply chain beyond the port.
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Source: https://www.cnbc.com/2023/12/17/why-us-ports-are-getting-a-21-billion-upgrade.html