U.S. to Provide California Billions in Loans for Port Infrastructure

U.S. to Provide California Billions in Loans for Port Infrastructure

October 29,2021 –MaritimeExecutive.com

Promoting that it is the first time the federal government has joined with an individual state to develop and fund a comprehensive approach to managing the supply chain, the U.S. Department of Transportation (USDOT) and California announced a strategic partnership focusing on California’s ports. The federal government will provide loans valued up to $5 billion to support a comprehensive, long-term approach towards enhancing California’s supply chain infrastructure.

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