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

CMA CGM Q1 Resilient, but Shipping Margins Tighten Amid Geopolitical Turbulence

AAPA Supports House Appropriations Bill with $538m for Port Infrastructure

Fujairah Terminals Signs Land Lease Agreements to Expand Regional Connectivity, Commercial Opportunities

Current News

Trump Says No Rush for Iran Deal, US Blockade Stays

CMA CGM Q1 Resilient, but Shipping Margins Tighten Amid Geopolitical Turbulence

EU Temporarily Suspends Fertilizer Duties Amidst Hormuz Crisis

Syria, CMA CGM to Operate Two Dry Ports

Subscribe for Maritime Logistics Professional E‑News