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White House Plans Infrastructure Upgrades to Address Supply Chain Challenges
The White House on Tuesday outlined several infrastructure initiatives aimed at addressing immediate supply chain challenges and other disruptions affecting global commerce, CNBC reported.
Several senior administration officials, who spoke on the condition of anonymity, said the Biden administration would begin work with the U.S. Army Corps of Engineers within the next 60 days on $4 billion worth of construction work at coastal ports, inland waterways and other Corps-eligible facilities.
The plan will also identify and prioritize $3.4 billion in upgrades to obsolete inspection facilities that will make international trade more efficient through the northern and southern borders, a senior administration official told CNBC.
The initiatives are part of a $17-billion package of infrastructure improvements at coastal and inland ports, waterways and ports of entry along the U.S. border, an element of the $1.7-trillion infrastructure bill passed by the House on Friday, three months after the Senate approved it.
- ◦Financing
- ◦Policy/Gov't
