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

Baku Port Handles 37% More Containers in 2025

The Northwest Seaport Alliance Retires Two Legacy Cranes from Terminal 7

Barbara Scheel Agersnap Steps Down as Copenhagen Malmö Port CEO

Current News

Port of Oakland Moves 174,239 TEUs in November as Exports Increase

CMA CGM Vessels Navigate the Suez Canal, Hinting at Easing Tensions

Oil Loading in Venezuela Crawls After New US Interceptions

FMC Investigates Spain’s Restrictive Port Practices

Subscribe for Maritime Logistics Professional E‑News