World News | Army Corps of Engineers Gets USD 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 and addressing climate change.
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 and addressing climate change.
The spending stems largely from President Joe Biden's USD 1 trillion infrastructure deal, and the administration is trying to show 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.
US ports have struggled to manage the inflow of container ships and move containers onto trucks as the economy recovered from the pandemic, resulting in 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. There are also investments at the Port of Long Beach in California and Norfolk Harbor in Virginia to accommodate more shipping.
On the climate front, the Army Corps of Engineers will spend USD 1.1 billion to preserve the Everglades in Florida with projects to capture and store surface water runoff. There will also be USD 645 million to reduce coastal flood risks and USD 1.7 billion for inland flood risks. (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)