Federal funding for U.S. ports set to come up billions short
Federal funding for U.S. ports set to come up billions short
In an excerpt in Journal of Commerce, Reynolds Hutchins states,
“Federal investment is expected to fall nearly $130 billion short of the necessary investment in land- and waterside infrastructure over the next five years,” and “U.S. ports and their private-sector partners plan on spending $154.8 billion through 2020, the recent survey of American Association of Port Authorities found.”
He goes on to state that several of those ports will see federal government assistance either through the seven-year-old TIGER grant program or new funding mechanisms made possible via the Fixing America’s Surface Transportation, or FAST, Act signed into law in December.
Read more about this at Journal of Commerce