The Biden administration on Tuesday announced a plan to alleviate immediate supply chain bottlenecks at ports as part of efforts to address potential shortages of goods and price hikes leading up to the holiday season.
The multibillion-dollar plan also makes some long-term investments to strengthen the resiliency of the countryâs ports, waterways, and freight infrastructure, to improve supply chain issues currently taking a toll on smaller businesses and causing consumers to face higher prices.
The plan seeks to âincrease federal flexibilities for port grants; accelerate port infrastructure grant awards; announce new construction projects for coastal navigation, inland waterways, and land ports of entry; and launch the first round of expanded port infrastructure grants funded through the Bipartisan Infrastructure Deal,â the White House announced.
The White House said the plan will lay the foundation to carry out the Bipartisan Infrastructure Deal passed by Congress last week, which President Joe Biden is expected to sign. The $1.2 trillion infrastructure bill allots $17 billion toward infrastructure at coastal ports, inland ports and waterways, and land ports of entry along the U.S. border…