The funds under the Port Infrastructure Development Programme (PIDP) grants will make infrastructure upgrades, from constructing new berths, to restoring docks, to extending rail lines and more.
This investment in American ports is also part of the government’s Port Action Plan, which speeds additional efforts to strengthen our port supply chains.
The report was released on the first anniversary of the US president’s executive order on supply chains.
The recommended policy responses described in this assessment report spotlight a range of actions that DOT envisions to support a resilient, 21st-century freight and logistics supply chain for the country.
The responses include investing in freight infrastructure to enhance capacity and connectivity; providing technical assistance to support the planning and coordination of freight investments and operations and supporting workers employed in this sector; improving data and research into supply chain performance; strengthening and streamlining governance to improve efficiency, build the workforce, increase competitiveness and reduce safety and environmental risks; and partnering with stakeholders across the supply chain, including coordination with both the public and private sector.
“Decades of underinvestment in our infrastructure, unprecedented consumer demand amid our strong economic recovery, and continued pressure from the pandemic have all put immense strain on our supply chains,” said transportation secretary Pete Buttigieg in an official release.
The report lays out steps to begin to reverse decades of disinvestment and consolidation, which too often has, in certain sectors, led to worse service, higher costs and poorer working conditions.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
