The American Association of Port Authorities sent a letter to the House and Senate Appropriators urging for an increase in the 2018 budget for the U.S. Army Corps of Engineers and the Department of Transportation.
The US Presidential office and Congress recently approved a two-year budget that included $20 billion over two years for infrastructure.
The AAPA has called for seaport related federal investments of $66 billion, with the letter focused on yearly increases for the 2018 financial year.
Read the “Freight Rates: Where is the Container Industry Headed?” for dicsussion on the future of the Container Industry
The letter, sent on March 6th, 2018, advocates for $1.03 billion in additional funds for the Corps of Engineers coastal navigation programme – which would include full use of the prior year’s Harbour Maintenance Trust (HMT) revenues of $1.472 billion.
On the land side, the AAPA called for $1.25 billion for the Department of Transportation’s TIGER program, along with additional funds for the FAST Lane state funds and INFRA grants.
US Congress has until March 23rd, 2018 to address the supplemental spending for FY 2018.