"Revamping U.S. Ports: A $21 Billion Transformation"

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Source: CNBC
"Revamping U.S. Ports: A $21 Billion Transformation"
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TL;DR Summary

U.S. ports are receiving multimillion dollar grants as part of the Biden administration's $21 billion commitment to modernize port infrastructure. The Port of Baltimore, among other midsize port cities, received a $47 million grant for improvements, including a new berth for rolling cargo. Over $653 million in grants were awarded to U.S. ports in 2023, with projects including the Port of Tacoma Husky Terminal Expansion and the North Harbor Transportation System Improvement Project. The Environmental Protection Agency and the U.S. Department of Defense are also contributing to port improvements. The upgrades aim to address bottlenecks and increase capacity to accommodate larger ships and improve efficiency for ocean carriers.

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