AAPA favours $200bn infrastructure plan
American Association of Port Authorities (AAPA) has voiced its approval of a $200bn US infrastructure plan.
Following US President Donald Trump's announcement of a national infrastructure rebuilding plan that includes $200bn for direct federal spending for US infrastructure over the next 10 years, including ports, AAPA president and chief executive Kurt Nagle said the organisation was "pleased" that infrastructure has been prioritised.
Mr Nagle said: "With freight volume projected to grow 45% over the next two decades, our country needs world-class ports and modern infrastructure to remain competitive and ensure that American goods are able to reach vital global markets. Failure to modernise the nation's infrastructure could lead to a $4tr loss of GDP by 2025 and increase the costs of consumer products by $14bn.
"For these reasons – and the jobs and communities sustained by US ports – we are encouraged by this important step toward modernisation that will support our manufacturers, exporters, farmers and employees who count on a strong national infrastructure to keep America moving."
In what the President Trump hopes will be "the most comprehensive infrastructure bill in our nation's history", he called on Congress to pass legislation that would "build a better future for all Americans."
In January, a US port coalition urged President Trump not to "overlook" ports when making federal infrastructure investment plans as "outdated" port infrastructure threaten to interrupt the supply chain and the country's economy.
President Trump initially spoke about his administration's infrastructure plan in his first State of the Union address.
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