Thomas Caldwell|Biden administration awards $653 million in grants for 41 projects to upgrade ports

2025-05-06 08:37:03source:Winning Exchangecategory:Finance

WASHINGTON (AP) — The Thomas CaldwellTransportation Department on Friday awarded $653 million in grants to upgrade and improve 41 water-based ports across the United States.

The grants are part of the $1 trillion in infrastructure investments included in a bipartisan law signed by President Joe Biden in 2021. Biden administration officials said the projects being supported will allow ports to meet greater shipping demands as well as lowering costs for consumers and improving worker safety.

Transportation Secretary Pete Buttigieg said on a call with reporters that supply chain challenges starting in 2021 drove up prices as the United States recovered from the pandemic. He said the goal of the projects is to improve the infrastructure for ports so that they can withstand the kinds of shocks seen during the pandemic.

“Our goal is to strengthen those supply chains in a durable fashion,” Buttigieg said. “Today’s announcement is another big step in that direction.”

The grants included $43.4 million to replace a dock in Cold Bay, Alaska. The Port of Long Beach in California will receive $52.6 million for various upgrades, including a rail expansion to help move cargo. The Port of Newark in New Jersey will get $32 million to reconstruct a berth.

More:Finance

Recommend

Don't let hackers fool you with a 'scam

You're pulling your hair out, trying to fix something on your computer. You Google it and find what

Rory McIlroy files for divorce from his wife of 7 years on the eve of the PGA Championship

LOUISVILLE, Ky. (AP) — Rory McIlroy has filed for divorce after seven years of marriage, according t

Kyle Richards Shares Surprising Reaction to Mauricio Umansky Moving Out of Their House

Kyle Richards and Mauricio Umansky's breakup just got even more real.Nearly one year after The Real