Biden unveils $3b investment to strengthen US port infrastructure

US President Joe Biden announced on Tuesday a $3 billion investment from his Inflation Reduction Act to improve and electrify the country’s port infrastructure. The move aims to support an estimated 40,000 good-paying and union jobs, reduce pollution, and combat the climate crisis
The announcement involves $147 million worth of awards for the Maryland Port Administration, which owns the Port of Baltimore, the White House explained in a statement. This will support over 2,000 good-paying and union jobs by enabling the purchase and installation of zero-emission port equipment, charging infrastructure, and power improvements.

The Port of Baltimore is one of the busiest ports on the East Coast and is a crucial hub for the US import and export of vehicles. There are over 20,000 workers supporting daily Port operations, including unioniSed longshoreman and truckers. Each day the Port of Baltimore’s economic impact represents $192 million or more than $70 billion a year, making of 13 per cent of Maryland’s gross domestic product.

Attribution: The White House Statement