Biden Administration Announces $653 Million Investment in Nationwide Port Infrastructure to Boost Supply Chain Reliability

Funding to support 41 port projects across 26 states, aiming to strengthen supply chains, lower shipping costs and invest in zero-emission infrastructure.

The Biden administration is investing over $653 million into 41 port projects across 26 states to enhance supply chain resilience, reduce shipping costs and invest in zero-emission port infrastructure.
These investments stem from the infrastructure law signed by President Biden nearly two years ago, with funds aimed to meet growing demands for goods and combat shipping delays, with Transportation Secretary Pete Buttigieg emphasizing the need for lower and stable goods prices.
The funds will benefit 15 larger ports, such as a port in Long Beach, California, for a North Harbor transportation system improvement; Baltimore, Maryland, for the Baltimore County Offshore Wind Manufacturing Hub; and a port at Kawaihae Harbor, Hawaii. Twenty-six smaller projects in various states will also receive funds.
Despite receiving pushback from Republicans advocating for more spending cuts, Buttigieg highlights that reducing infrastructure investments would equate to overall cuts to the supply chain infrastructure.
According to administration officials, there has been a 90% decrease in the number of container ships waiting at U.S. ports since President Biden first took office during the height of the COVID-19 pandemic. Global container shipping costs have also fallen more than 80% from their peak in 2021.