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Biden unveils $3 billion investment to strengthen US ports infrastructure
Posted on October 29, 2024 |
The U.S. President announced a $3 billion investment from the Inflation Reduction Act to upgrade ports nationwide.
From this funding, the Maryland Port Administration will receive $147 million to improve the Port of Baltimore.
The investment aims to create union jobs and update port facilities with cleaner, more efficient equipment.
Earlier this month, a three-day strike at East and Gulf Coast ports temporarily disrupted nearly half of U.S. ocean shipping.
This plan supports job growth and environmental goals as part of a larger effort to modernize U.S. port infrastructure.