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Sector watch: Billions of dollars set to boost US port projects in 2022

January 24, 2022

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Ports from coast to coast are eyeing improvement projects to help alleviate supply chain issues that have plagued businesses since the start of the COVID-19 pandemic.

The focus on port projects in the recently enacted Infrastructure Investment and Jobs Act is part of an overall push from the Biden administration to help alleviate the clogged supply chain in the U.S.

“That bill is going to help improve ports that get our supply chains moving and speeding up deliveries and addressing shortages,” said John Fumero, a shareholder at Nason Yeager, a Florida-based law firm that represents the Port of Palm Beach, Florida. “[It’s] going to be providing significant funding for ports to undertake these projects to expand capacity.”

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