Biden Invests in America’s Port and Waterway

U.S. Army Corps of Engineers invests $14 billion to strengthen port and waterway supply chains and bolster climate resilience.

According to the White House fact sheet, modern and resilient infrastructure strengthens our supply chains, supports U.S. competitiveness and economic growth, and protects communities from the accelerating impacts of climate change. Yet, decades of underinvestment and neglect have left our nation’s infrastructure – from ports and waterways to levees and dams to the aquatic ecosystems that supply our water and energy – vulnerable to climate change and struggling to keep up with our strong economic recovery from the pandemic.

Recognizing the vital role of modern, resilient infrastructure in reducing costs for American families and businesses, President Biden secured unprecedented investments through the Bipartisan Infrastructure Law for the U.S. Army Corps of Engineers to increase climate resilience and make long overdue improvements at ports and waterways, as well as additional funds through supplemental appropriations to help impacted states and Tribes recover and become more resilient to natural disasters. Today, the Biden-Harris Administration is announcing that it will invest more than $14 billion of this funding in fiscal year 2022 for over 500 projects across 52 states and territories. These key projects will strengthen the nation’s supply chain, provide significant new economic opportunities nationwide, and bolster our defenses against climate change, including through:

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https://www.whitehouse.gov/briefing-room/statements-releases/2022/01/19/fact-sheet-biden-harris-administration-announces-historic-investment-to-americas-port-and-waterway-infrastructure/