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

Port of Albany-Rensselaer Holds PERMA Safety Training

Yemen's Mocha Port Halts Operations After Houthi Attacks

AD Ports Group Reports Strong Q2

Current News

Soybeans Futures Rise on US Yield Doubts While Wheat Steadies

Russian Ice-class LNG Carrier heads out via Northern Sea Route

NIMO, Belfast Harbour Join Port Innovators Network

MacGregor Inks Hatch Cover Deal

Subscribe for Maritime Logistics Professional E‑News