The American Association of Port Authorities (AAPA) is said to be encouraged by the recent release of the infrastructure investment outline by Senate Minority Leader Chuck Schumer (D-NY) and Senate Democrats.
This is said to be due to the outlines’ the recognition that ports and waterways play a vital role in the nation’s economy, jobs and supply chain.
“Coupled with President Trump’s stated intention to make major improvements in America’s infrastructure, we’re optimistic that long overdue infrastructure investments will be made,” said Kurt Nagle, AAPA’s president and CEO.
He added: “AAPA looks forward to working with Congress and the Trump Administration as they develop a comprehensive infrastructure package that will meet the needs of our country, our growing freight network, and enhance our international competitiveness.”
Seaport cargo activity accounts for 26% of the US economy, generating nearly $4.6tn a year in total economic activity, supporting some 23m American jobs. American seaports also produce more than $321bn federal, state and local tax revenues annually.
AAPA has sent its freight transportation infrastructure policy and funding recommendations to the Trump Administration and Congressional leadership.
Among its recommendations are ways to eliminate bottlenecks and expand capacity through landside investments, modernise and fully maintain federal navigation channels through waterside investments, secure America’s ports and borders, enhance the coastal environment and build resilience.
Source: Port Strategy