A chunk of the $1.15 trillion federal omnibus spending bill signed into law last week will help fund maintenance projects for U.S. seaports, including the ports of Los Angeles and Long Beach.
The bill allocates $1.25 billion for maintenance and dredging projects. These projects are funded through the Harbor Maintenance Trust Fund, a federal tax on shipping lines based on the value of imported goods.
U.S. Rep. Janice Hahn (D-44), a member of the House Transportation and Infrastructure Committee, said under the new law, more money will go to large ports, such the twin San Pedro ports, than in previous years.
“This is a major victory for our ports, allowing them to invest in dredging, maintenance and other improvements that will enable them to operate more efficiently and remain globally competitive,” Hahn said in a statement. “With this spending level made into law, we are one step closer to ensuring all the money collected at our ports is spent at our ports.”
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Muddying The Water
- Shipyard Plan Afloat at L.A. Port
- Ent Note
- Dispute Over Former Shipyard Site On Hold
- Port Officials Say Funding Level Is Inadequate to Ensure Security
- Lawmakers Question Support for Infrastructure
- Council To Consider Gambol's Shipyard Plan
- Port Site Should Be a Shipbuilding Center, Not a Waste Dump