Clogged U.S. ports are being given access to nearly $450 million in federal money from Biden's infrastructure law to help ease supply chain congestion and lower prices. FOX13
What's in Biden's signature infrastructure bill? Here's a look at the $1 trillion investment in the United States.Clogged U.S. ports are being given access to nearly $450 million in federal money from President Joe Biden's infrastructure law as part of theTransportation Secretaryon Wednesday announced the availability of the first batch of competitive grants for ports that will be double last year's amount annually for five years.
FILE - U.S. Transportation Secretary Pete Buttigieg speaks to the media after touring the ports of Los Angeles and Long Beach on Jan. 11, 2022, in Long Beach, California. "We’re proud to announce this funding to help ports improve their infrastructure — to get goods moving more efficiently and help keep costs under control for American families," Buttigieg said.
The Transportation Department was releasing this week a one-year report that assesses the supply chain and how best to fix gaps. Administration officials said the report urges better government cooperation and data-sharing with the private sector and pledges up to billions of dollars more from federal grant programs later this year to promote smoother rail, water and truck transportation and build out warehouse capacity.
Last year, the department took interim steps to unclog the supply chain and limit inflation pressures, awarding $241 million in grants including $52.3 million to help boost rail capacity at the port in , California. It has strived to move major ports to longer workdays and improve recruitment and retention in the trucking industry.end up limiting Russia’s exports of oil and natural gas and causing global energy prices to soar. Separately, Biden on Tuesday announced new U.S. investments to boost domestic production of minerals used for electronics including electric vehicles, smartphones and appliances, part of a bid to reduce U.S. reliance on China.
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