Statement by American Association of Port Authorities on President Biden’s infrastructure plan

America’s Ports applaud President Biden’s recently announced American Jobs Plan. This proposal includes $17 billion in investments in our nation’s ports, waterways, and gateway infrastructure, a substantial down payment on the $29 billion in federal investments necessary to modernizing our ports and ensuring that our trade infrastructure remains strong. America’s Ports connect the nation’s small businesses, farmers, and manufacturers to the global marketplace. A worldwide maritime trading nation, the U.S. owes $5.4 trillion in economic value (25.7% of U.S. GDP) and 31 million jobs to the activity at seaports.

Investment in port infrastructure supports the growth of opportunity throughout the national economy and ensure continued global competitiveness. America’s Ports look forward to working with President Biden and bipartisan leaders in Congress to advance significant investments in our nation’s infrastructure.