President Joe Biden has signed into law the largest federal investment in infrastructure in more than a decade.
Speaking at the Port of Baltimore recently, President Biden said the infrastructure bill will help improve ports “to get our supply chains moving to lower prices, speed up deliveries and address shortages.”
The recently-passed infrastructure bill marks the “biggest investment in ports in American history,” the president said, a move the administration hopes will ease supply chain issues as holiday shopping ticks up.
Actions being taken by the administration to address supply chain issues include allowing port authorities nationwide to “redirect project cost savings toward tackling supply chain challenges,” and allowing the Georgia Port Authority to reallocate $8 million to convert inland facilities into pop-up container yards.
“We commend Congress and the Administration for passing legislation to increase investments in the nation’s freight infrastructure,” said Florida Ports Council President and CEO Mike Rubin. “We welcome the opportunity to partner with the federal government to invest in priority projects at Florida’s seaports.”