American Association of Port Authorities calls US$17 billion for ports & gateways "a substantial down payment" on the US infrastructure deficit.
In a statement The APPA has “applauded” President Biden’s recently announced American Jobs Plan. The President’s proposal to spend $2 trillion on an “infrastructure and jobs package” includes $17 billion in federal investments on ports, waterways, and gateway infrastructure. Details have not been provided at this stage, but the port component includes “a Healthy Ports programme to mitigate the cumulative impacts of air pollution on neighbourhoods near ports, often communities of colour,” the Whitehouse statment said.
The AAPA said $17 billion is “a substantial down payment on the $29 billion in federal investments necessary to modernizing our ports and ensuring that our trade infrastructure remains strong”. It is believed the figure of $29 billion refers to the investment the AAPA identified back in 2015 as needed to prepare the nation’s port infrastructure to meet future demand.
“Investment in port infrastructure supports the growth of opportunity throughout the national economy and ensure continued global competitiveness. America’s Ports look forward to working with President Biden and bipartisan leaders in Congress to advance significant investments in our nation’s infrastructure,” the AAPA stated.
While the amount of funds President Biden proposes to allocate to ports & gateways is significant, it is one of the smaller parts of the infrastructure and jobs package. Other items include $174 billion for electric vehicles, $115 billion towards roads and bridges, and $100 billion for broadband internet.