World News | Army Corps of Engineers Gets $14B to Help Ease Supply Chains
Get latest articles and stories on World at LatestLY. The Biden administration on Wednesday announced the release of USD 14 billion to the Army Corps of Engineers to fund 500 projects, with a focus on easing supply chain problems.
Washington, Jan 19 (AP) The Biden administration on Wednesday announced the release of USD 14 billion to the Army Corps of Engineers to fund 500 projects, with a focus on easing supply chain problems.
The spending stems largely from President Joe Biden's USD 1 trillion infrastructure deal, and the administration is attempting to showcase how the projects will improve supply chain backlogs.
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There are three specific projects tied to reducing supply bottlenecks by making it easier to transport goods, according to a White House fact sheet obtained by The Associated Press.
US ports have struggled to manage the inflow of container ships and move containers onto trucks as the economy recovered from the pandemic, prompting delays in sending goods to consumers and higher prices.
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Among the projects being funded for the Army Corps of Engineers is USD 858 million to replace locks on the Ohio River so that water levels are high enough for large cargo ships.
Locks are enclosures that help to raise and lower water levels and make it easier to navigate waterways on uneven terrain. Wednesday's announcement includes USD 470 million for a new lock in Michigan that is key for shipping iron ore.
In California, there will be USD 8 million spent on navigation that will allow larger and more ships to pass at the Port of Long Beach, which is part of the nation's largest port complex.
Norfolk Harbor in Virginia will receive USD 69 million to expand its capacity, after handling 67 per cent more shipping containers in 2021 than it did 10 years ago. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)