Biden Unveils $3 Billion Port Infrastructure Boost

U.S. President Joe Biden announced a $3 billion investment to enhance the port infrastructure as part of his Inflation Reduction Act. This includes $147 million specifically for the Maryland Port Administration. The initiative aims to create union jobs and upgrade to cleaner port equipment.

In a significant move, U.S. President Joe Biden announced a massive $3 billion investment aimed at enhancing the nation's port infrastructure.

This investment, under the Inflation Reduction Act, allocates $147 million for the Maryland Port Administration, set to benefit the Port of Baltimore, according to the White House.

The funding is designed to create union jobs and modernize port operations with cleaner equipment. The announcement follows a critical three-day strike on the East and Gulf Coasts that temporarily disrupted half of the nation's ocean shipping operations.

(With inputs from agencies.)