Executive Briefings

U.S. Ports Apprehensive About Trump's Budget

The American Association of Port Authorities (AAPA) has voiced its concern over the potential of significant declines for most federally funded, port-related programs in President Donald Trump's fiscal 2018 budget.

"We're apprehensive about the fiscal 2018 budget," said Kurt Nagle, AAPA president and CEO. "Adequate federal investments into U.S. port-related infrastructure, both on the landside and waterside, are crucial for the efficient movement of goods so the nation can remain globally competitive."

“Activities at U.S. seaports account for more than a quarter of the nation’s economy, support over 23 million American jobs and generate more than $320bn a year in federal, state and local tax revenue. It’s vital the federal government uphold its end of the partnership with ports so the country can have a 21st century goods movement system in place.”

Proposed for the budget chopping block is the U.S. Department of Transportation’s (USDOT) Transportation Investment Generating Economic Recovery (TIGER) grants program, which last year awarded U.S. ports $61.8m in multimodal infrastructure grants such as dock, rail and road improvements. Additionally, the Department of Homeland Security’s Port Security Grants Program (PSGP), which Congress last funded at $100m and which provided 35 port security-related grants in fiscal 2017, is expected to experience a significant cut.

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"We're apprehensive about the fiscal 2018 budget," said Kurt Nagle, AAPA president and CEO. "Adequate federal investments into U.S. port-related infrastructure, both on the landside and waterside, are crucial for the efficient movement of goods so the nation can remain globally competitive."

“Activities at U.S. seaports account for more than a quarter of the nation’s economy, support over 23 million American jobs and generate more than $320bn a year in federal, state and local tax revenue. It’s vital the federal government uphold its end of the partnership with ports so the country can have a 21st century goods movement system in place.”

Proposed for the budget chopping block is the U.S. Department of Transportation’s (USDOT) Transportation Investment Generating Economic Recovery (TIGER) grants program, which last year awarded U.S. ports $61.8m in multimodal infrastructure grants such as dock, rail and road improvements. Additionally, the Department of Homeland Security’s Port Security Grants Program (PSGP), which Congress last funded at $100m and which provided 35 port security-related grants in fiscal 2017, is expected to experience a significant cut.

Read Full Article