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Ports seek more funding to handle multimodal freight spike

  • Just after the House Appropriations Committee
    released its Fiscal Year 2019 Transportation, Housing and Urban Development
    Funding bill that sets aside $250
    million for port projects, the American Association of Port Authorities
    released its State of Freight III report reiterating
    ports’ need for infrastructure funding.
  • The report laments that “only $1.13 billion
    [of the FAST Act] was eligible for multimodal projects” and
    “this amount has already dwindled to $275 million after several
    rounds of FASTLANE and Infra Grants have been awarded.”
  • The report claims ports need $20 billion for rail
    and multimodal projects over the next 10 years. It said 77% of ports are
    planning to improve rail access over the next decade to meet increasing
    demand and 67% consider funding and financing to be the top barrier to
    completing these projects.

and port authorities aren’t on the same page about
how much funding ports need to operate at optimal efficiency. 

repairing roads and highways are such a top priority for Congress right now, ports
may have an uphill battle to get the funding they want.

want better funding and financing options, and while there are funding and
financing options available — like the Railroad Rehabilitation &
Improvement Financing Program
 (RRIF) — the State of
Freight report said ports find the application process for such programs
“frustrating” and want 100% financing.

have been struggling with funding since
the Great Recession, and the rise of e-commerce and its effects on shipping and
supply chains have forced them to change rapidly, far faster than they can keep
up when it comes to restructuring.
SupplyChain Dive 

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