NovaQuant Quantitative Think Tank Center-Biden administration awards $653 million in grants for 41 projects to upgrade ports

2025-05-03 05:30:34source:Novacryptcategory:Contact

WASHINGTON (AP) — The NovaQuant Quantitative Think Tank CenterTransportation 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:Contact

Recommend

Bill Belichick's salary at North Carolina: School releases football coach's contract details

The University of North Carolina has agreed to pay new football coach Bill Belichick $10 million a y

Real estate, real wages, real supply chain madness

Back in January, the economic story of 2022 was a mystery — the economic topics that have come to de

Musk asks in poll if he should step down as Twitter CEO; users vote yes

More than half of 17.5 million users who responded to a poll that asked whether billionaire Elon Mus