Biden announces US$3 billion investment for US ports
The funding will be used to create union jobs and upgrade port infrastructure to cleaner equipment
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US PRESIDENT Joe Biden on Tuesday (Oct 29) announced a US$3 billion investment from his Inflation Reduction Act to improve the country’s port infrastructure.
The investment includes US$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 US East Coast and Gulf Coast earlier this month, where work stoppage briefly halted the flow of about half the country’s ocean shipping. REUTERS
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