Biden administration invests more than $653 million in ports to strengthen American supply chains
Recently, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (PIDP). As part of President Biden’s Investing in America agenda – a key pillar of Bidenomics – this funding will help grow capacity and increase efficiency at coastal seaports, Great Lakes ports, and inland river ports. A significant portion of domestic and international U.S. commerce by weight, (over 2.3 billion short tons) moves by water.
Source: pulpapernews.com
