Biden Manager Allows Ports To Redirect Unused Funds On Supply Chain Issues

The Biden administration announced Tuesday that it will allow port authorities to redirect cost savings from existing federal projects to help address supply chain bottlenecks as part of a broader effort to accelerate the movement of goods.

Administration officials said the new policy change will allow the Georgia Port Authority to redirect more than $ 8 million to fund new pop-up container yards in Georgia and North Carolina. The container project, once completed, will allow the Port of Savannah to transfer containers a couple hundred miles inland to clear dock space and accelerate the outflow of goods.

“It’s a great way to get capacity and efficiency at the port,” a senior administration official told reporters on Tuesday. “We hope that that kind of flexibility will help other projects as well.”

The official estimated that the container depots would be operational within 30 to 45 days and would represent the first project financed by the new policy change.

The announcement is the latest effort by the Biden administration to address global supply chain disruptions caused by the coronavirus pandemic.

Officials also established an action plan to accelerate the implementation of the port-related provisions of the recently passed $ 1.2 trillion bipartisan infrastructure bill by identifying projects that can be funded by the legislation, which President BidenJoe Biden Nicaragua Ortega Prepares to Win Election Amid International Criticism Representative Gosar Releases Anime Video Showing Him Hitting Biden, Ocasio-Cortez Overnight Energy & Environment – Presented By ExxonMobil – Activists Cry Over COP26 Draft MORE It is expected to become law in the next few days.

For example, officials said the Department of Transportation would award more than $ 240 million in grants over the next 45 days through the Infrastructure Development Grants program, which gets additional funding under the infrastructure bill, approved by Congress on Friday.

The department also aims to identify projects for US Army Corps of Engineers construction projects in ports and inland waterways within 60 days to help direct $ 4 billion in funding.

The administration will identify $ 3.4 billion in investments to improve ports of entry within the next 90 days. And officials are setting a goal to open competition for the first round of port infrastructure grants funded through the bipartisan infrastructure bill within the next 90 days, grants that will total $ 475 million in funding for port infrastructure and infrastructure. marine roads.

“Work is being done right now to get these projects up and running, get the programs in motion and get out the door,” said the senior administration official.

The administration announced the new steps ahead of Biden’s trip to the port of Baltimore on Wednesday, during which he plans to highlight the impacts of the infrastructure bill.

The measure includes $ 550 billion in new spending over five years, including $ 17 billion in funding to improve infrastructure at coastal ports, as well as inland ports and ports of entry at the United States border specifically.

Last month, the Biden administration announced that West Coast ports, as well as major retailers and carriers, would switch to 24-hour daily operations to help alleviate supply chain bottlenecks.

The official said the initiatives funded by the bipartisan infrastructure bill would result in faster, more efficient and more environmentally friendly movement of goods in the medium and long term.

“It is really positioning the United States for the economy of the future,” the official said.



Reference-thehill.com

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