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Feds award $653M for 41 port projects

November 6, 2023

The nation’s more than 300 coastal and inland ports get a B- grade from the American Society of Civil Engineers, meaning they’re adequate for now but require attention. While port funding has risen in recent years, there is still a gap of over $12 billion for waterside infrastructure such as dredging over the next decade, and billions more are needed for landside port infrastructure, according to ASCE.

The IIJA’s $17 billion total in investments are the country’s largest-ever dedicated funding for ports and waterways, according to the DOT, and are key to strengthening supply chain reliability.

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