According to a statement published by the American Association of Port Authorities (AAPA), the House Committee of Appropriations announced the funding of ports’ infrastructure in the US.
Specifically, the House fiscal-year 2020 Transportation, Housing and Urban Development (T-HUD) appropriations bill includes $225 million for port infrastructure development and $15 million for marine highway project.
The $225 million for the Port Infrastructure Development Program was $68 million below the FY2019 enacted level. However, President Trump’s FY2020 budget request did not including funding for the program, AAPA officials noted.
This is great news for America’s ports and follows on the heels of first-time direct funding for seaports totalling $292.73 million in the FY 2019 T-HUD appropriation.
… AAPA added.
In addition, FY 2019’s agreement included Transportation, Housing and Urban Development, and Related Agencies (THUD) funding for a dedicated port infrastructure programme in the US Department of Transportation’s (USDOT) Maritime Administration (MARAD).
Generally, MARAD aims to improve US port competitiveness and the ports’ ability to positively handle the movement of products transmitted in the US supply chain.