The following is the text of a news release from the American Association of Port Authorities (AAPA):
(ALEXANDRIA, Va.) — The American Association of Port Authorities is encouraged by the release Thursday of the $1 trillion infrastructure investment outline by Senate Minority Leader Chuck Schumer, D-N.Y., and Senate Democrats, especially the recognition that ports and waterways play a vital role in our nation's economy, jobs and supply chain.
“Coupled with President Trump’s stated intention to make major improvements in America’s infrastructure, we’re optimistic that long overdue infrastructure investments will be made,” said Kurt Nagle, AAPA’s president and CEO.
America’s seaports, each of which are international trading hubs, are vital economic engines to their community, their region and the nation. Seaport cargo activity accounts for 26 percent of the U.S. economy, generating nearly $4.6 trillion a year in total economic activity, supporting some 23 million American jobs, and producing more than $321 billion federal, state and local tax revenues annually.
AAPA has sent its freight transportation infrastructure policy and funding recommendations to the Trump administration and congressional leadership. Among its recommendations are ways to eliminate bottlenecks and expand capacity through landside investments, modernize and fully maintain federal navigation channels through waterside investments, secure America’s ports and borders, enhance the coastal environment and build resilience.
“AAPA looks forward to working with Congress and the Trump administration as they develop a comprehensive infrastructure package that will meet the needs of our country, our growing freight network, and enhance our international competitiveness,” said Nagle.
