Biden announces $3 billion investment to modernize U.S. ports in Baltimore

cbsnews.com — October 29, 2024, 03:01 PM UTC

Summary: President Biden will announce a $3 billion investment to modernize U.S. ports during a visit to the Port of Baltimore. This funding comes from the Inflation Reduction Act and includes $147 million for the Baltimore port to reduce carbon emissions.

The initiative aims to improve working conditions for dockworkers and address concerns about job security due to automation. It will support the purchase of cleaner equipment, including battery-electric and hydrogen-powered machines.

The investment highlights the importance of U.S. ports, which employ 100,000 union workers and are vital to the nation's supply chains. Biden's announcement is scheduled for 2 p.m. Eastern time.

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[5.5]
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Biden announces nearly $3 billion in grants to enhance climate-friendly infrastructure at U.S. ports (6abc.com)
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