+
US President Biden unveils $3 bn US ports boost
ECONOMY & POLICY

US President Biden unveils $3 bn US ports boost

US President Joe Biden unveiled a $3 billion investment towards port infrastructure in Maryland -- and took a swipe at Republican White House candidate Donald Trump a week before Election Day. Biden's visit to the port of Baltimore, a key auto industry hub, came as his Vice President Kamala Harris remains in a tight contest with Trump for the right to succeed him. "I'm proud to announce we're delivering $3 billion in funding from my Inflation Reduction Act to help clean up and modernize ports in 27 different states and territories, from Pennsylvania, Georgia, Michigan and beyond, including yes, Puerto Rico," he said. Biden's jab came after a firestorm over a warm-up comedian at Trump's weekend rally in New York called Puerto Rico a "floating island of garbage." Trump's campaign has since tried to distance the former president from the remarks. Biden also played up his administration's efforts to modernize US infrastructure, saying his predecessor Trump has not done the same. He pointed to investments from his government's policies going more to Republican-leaning states than Democratic ones, alongside the country's pandemic recovery. "We're seeing the great American comeback," he said. The White House said Tuesday that funds from the Inflation Reduction Act -- a package of energy transition policy and social reforms -- will go towards improving and electrifying port infrastructure. This involves supporting purchases of battery- and hydrogen-powered equipment, including those used to handle cargo, alongside charging and fueling infrastructure. The grants include $147 million in awards for the Maryland Port Administration. US ports hire more than 100,000 union workers across the country. As Election Day draws close, both Harris and Trump have been fighting to win over blue-collar workers, especially in swing states. The grants announced Tuesday come under a "clean ports" program that authorities hope can improve air quality by installing "clean, zero-emission freight and ferry technologies along with associated infrastructure." The aim is to eliminate more than three million metric tons of carbon pollution over 10 years. "It's imperative to clean up our ports as soon as possible to alleviate serious public health issues," said Terrance Bankston, senior ports and freights campaigner at environmental non-profit Friends of the Earth. Biden's visit comes months after the collapse of the Francis Scott Key bridge in March, which closed ship traffic in and out of the port of Baltimore and killed six workers.

US President Joe Biden unveiled a $3 billion investment towards port infrastructure in Maryland -- and took a swipe at Republican White House candidate Donald Trump a week before Election Day. Biden's visit to the port of Baltimore, a key auto industry hub, came as his Vice President Kamala Harris remains in a tight contest with Trump for the right to succeed him. I'm proud to announce we're delivering $3 billion in funding from my Inflation Reduction Act to help clean up and modernize ports in 27 different states and territories, from Pennsylvania, Georgia, Michigan and beyond, including yes, Puerto Rico, he said. Biden's jab came after a firestorm over a warm-up comedian at Trump's weekend rally in New York called Puerto Rico a floating island of garbage. Trump's campaign has since tried to distance the former president from the remarks. Biden also played up his administration's efforts to modernize US infrastructure, saying his predecessor Trump has not done the same. He pointed to investments from his government's policies going more to Republican-leaning states than Democratic ones, alongside the country's pandemic recovery. We're seeing the great American comeback, he said. The White House said Tuesday that funds from the Inflation Reduction Act -- a package of energy transition policy and social reforms -- will go towards improving and electrifying port infrastructure. This involves supporting purchases of battery- and hydrogen-powered equipment, including those used to handle cargo, alongside charging and fueling infrastructure. The grants include $147 million in awards for the Maryland Port Administration. US ports hire more than 100,000 union workers across the country. As Election Day draws close, both Harris and Trump have been fighting to win over blue-collar workers, especially in swing states. The grants announced Tuesday come under a clean ports program that authorities hope can improve air quality by installing clean, zero-emission freight and ferry technologies along with associated infrastructure. The aim is to eliminate more than three million metric tons of carbon pollution over 10 years. It's imperative to clean up our ports as soon as possible to alleviate serious public health issues, said Terrance Bankston, senior ports and freights campaigner at environmental non-profit Friends of the Earth. Biden's visit comes months after the collapse of the Francis Scott Key bridge in March, which closed ship traffic in and out of the port of Baltimore and killed six workers.

Related Stories

Gold Stories

Next Story
Resources

NCC Founder and Padma Shri Awardee AVS Raju Passes Away at 89

Dr Alluri Venkata Satyanarayana Raju, founder and Chairman Emeritus of NCC Limited and a Padma Shri awardee, passed away in Hyderabad on 13 October 2026. He was 89.Born on 18 April 1937 in Antarvedipalem village in Andhra Pradesh's erstwhile East Godavari district, Raju began his entrepreneurial journey in 1956. He established Nagarjuna Construction Company (NCC) Limited in 1978, which subsequently emerged as one of India's leading construction and infrastructure companies.Under his leadership, NCC became a public limited company in 1990 and expanded into one of India's prominent listed constr..

Next Story
Infrastructure Transport

Embraer to Acquire 51 Per Cent Stake in Mahindra Aerospace Arm

Brazilian aerospace major Embraer will acquire a 51 per cent equity stake in Novavayu Aerospace, a step-down subsidiary of Mahindra and Mahindra, under an Investment Agreement notified by the automobile company in an exchange filing. The transaction will give Embraer control of the aerospace business. Following completion of the acquisition, Novavayu Aerospace will cease to be a wholly owned subsidiary and become an associate of Mahindra Defence Systems, which is a step-down wholly owned subsidiary of Mahindra and Mahindra. The agreement is expected to be completed on or before December 1. Mah..

Next Story
Infrastructure Urban

RBI Opens Special Dollar Window for Three State-Run OMCs

The Reserve Bank of India (RBI) has opened a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies (OMCs), in a move aimed at easing pressure on the Indian rupee. The facility will take effect on October 12, 2026, and remain available until further notice. Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are eligible to use the arrangement. Under the facility, the RBI will sell US dollars to the three companies through designated banks, allowing them to meet their oil-import payments without sourc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code