Transport Topics (Dec. 24, 2021)
Ports across the country are about to receive a financial windfall. Transportation Secretary Pete Buttigieg is awarding more than $241 million in grants to bolster U.S. ports, part of the Biden administration’s plan to shore up the supply chain and accelerate the flow of freight. The funds are being made available immediately to 25 projects in 19 states. Next year, the amount of money for port improvements will nearly double to $450 million in grants annually for five years under the Infrastructure Improvement and Jobs Act law.