US Awards Nearly $3 Billion for Clean Port Projects

Tuesday, October 29, 2024

U.S. President Joe Biden on Tuesday announced a $3 billion investment from his Inflation Reduction Act to improve the country's port infrastructure.

The investment includes $147 million in awards for the Maryland Port Administration, which owns the Port of Baltimore, the White House said in a statement.

The funding will be used to create union jobs and upgrade port infrastructure to cleaner equipment, the statement added.

The announcement comes after the three day port strike on the U.S. East Coast and Gulf Coast earlier this month, where work stoppage briefly halted the flow of about half the country's ocean shipping.


(Reporting by Disha Mishra, editing by Ed Osmond and Jason Neely)

Categories: Ports North America Americas Green Ports

Related Stories

11 Martime Start-Ups Tagged by PortXL

AAPA Presents 2026 Lighthouse Award to Winners for Port Industry Excellence

A Ceasefire Would Allow Russia to Restart 80% of Black Sea Grain Export Terminals

Current News

Casablanca Port Gets Africa’s First Liebherr LPS Crane

LPG/Ammonia Vessel Joins Nakilat Fleet

11 Martime Start-Ups Tagged by PortXL

US to China Dry Bulk Vessels Jump

Subscribe for Maritime Logistics Professional E‑News