Biden Announces $3 Billion Investment for US Ports

[BumRushDaShow]

Source: US News and World Report/Reuters

Oct. 29, 2024, at 5:11 a.m.


(Reuters) -U.S. President Joe Biden on Tuesday announced a $3 billion investment from his Inflation Reduction Act to improve the country's port infrastructure.

The investment includes $147 million in awards for the Maryland Port Administration, which owns the Port of Baltimore, the White House said in a statement.

The funding will be used to create union jobs and upgrade port infrastructure to cleaner equipment, the statement added.

The announcement comes after the three day port strike on the U.S. East Coast and Gulf Coast earlier this month, where work stoppage briefly halted the flow of about half the country's ocean shipping.

Read more: https://money.usnews.com/investing/news/articles/2024-10-29/biden-announces-3-billion-investment-for-us-ports

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Short article at post time.

Link to White House FACT SHEET - FACT SHEET: President Joe Biden Announces $3 Billion to Strengthen Port Infrastructure, Create Good-Paying and Union Jobs, Bring Cleaner Air to Communities

[cstanleytech]

1. We desperately need more such spending on our interstates, Bridges and dams.

[BumRushDaShow]

2. A lot of that was distributed in the earlier tranches

not long after the Infrastructure bill passed.

They are spreading that infrastructure money across a number of sectors throughout the year and I try to catch those stories and post them.

[cbabe]

3. Plans to move ports due to ocean rise?

[BumRushDaShow]

5. Well not all ports are right on an ocean

For example here in Philly, ours is up the Delaware River from the Delaware Bay (where the Bay eventually goes out to the ocean). The same goes for the Port of Wilmington. Baltimore's are a bit tucked in although is still more exposed to inundation.

Some of the rest like NY's or Norfolk, etc., are right out there. Hurricane Sandy really revealed the dangers of being right there on the ocean, at least up at this latitude (the southern states tend to get impacted more by tropical cyclone hits).

[cbabe]

6. Water will flow up the rivers. Also military bases?

https://news.bloomberglaw.com › environment-and-energy › rising-seas-imperil-us-sites-military-bases-worth-387-billion

Rising Seas Imperil US Sites, Military Bases Worth $387 Billion

Sep 21, 2023Rising tides and powerful storms turbocharged by climate change are poised to hobble federal facilities worth at

[BumRushDaShow]

7. Oh I've seen a number of "projections"

including ones where Philly would become the "beach" on the Atlantic because NJ (which is on a flat "coastal plain" ) would be underwater and we in Philly are about 50 miles from the ocean.

But I expect all kinds of mitigation things would start being designed and implemented first.

I know many point to what they have done in the Netherlands with respect to dikes and levies and whatnot. I.e., stuff like this - https://www.netherlandswaterpartnership.com/news/maeslant-storm-surge-barrier-largest-moveable-object-world-was-closed-last-night-first-time

(like New Orleans, much of it is below sea level in a "bathtub" )

[Mister Ed]

4. Biden continues to quietly do the best presidentin'...

...of any president in my long life.