Ports from coast to coast are eyeing improvement projects to help alleviate supply chain issues that have plagued businesses since the start of the COVID-19 pandemic. The focus on port projects in the recently enacted Infrastructure Investment and Jobs Act is part of an overall push from the Biden administration to help alleviate the clogged supply chain in the U.S — Construction Dive
As reported by Construction Dive, an additional $241 million in grants through the United States Maritime Administration Port Infrastructure Development Program (PIDP) will join the $17 billion being directed towards seaports. The additional funds will go toward 25 projects in 19 states. And, that’s not all. The PIDP will nearly double this amount to $450 million in grants annually for the next five years through funds from the Infrastructure Investment and Jobs Act.
Construction Dive also notes that port and waterway construction market activity is expected to grow 6% in 2022, according to a 2022–2026 market analysis by the American Road and Transportation Builders Association (ARTBA).
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