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Home›Business & Finance›AAPA Highlights Importance of Investing in U.S. Seaports
Business & Finance

March 16, 2017 · about 9 years ago

AAPA Highlights Importance of Investing in U.S. Seaports

The American Association of Port Authorities (AAPA) is concerned over the potential of significant declines for most federally funded, port-related programs in President Trump’s fiscal 2018 budget, the association said in its latest release. “We’re apprehensive about the fiscal 2018 budget. Adequate

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The American Association of Port Authorities (AAPA) is concerned over the potential of significant declines for most federally funded, port-related programs in President Trump’s fiscal 2018 budget, the association said in its latest release.

“We’re apprehensive about the fiscal 2018 budget. 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,” said Kurt Nagle, AAPA president and CEO.

“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 $320 billion 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 $61.8 million in multimodal infrastructure grants such as dock, rail and road improvements.

While the president’s proposed budget calls for increasing the overall U.S. Army Corps of Engineers (USACE) budget by $400 million over the previous administration’s request of $4.6 billion, the request still represents a 16 percent decrease in their budget when compared to the Continuing Resolution fiscal 2017 level, AAPA said.

Details for the Corps’ Coastal Navigation portion of the budget are not yet known, but are expected to be available in May.

AAPA’s key recommendations for the fiscal 2018 budget:

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