Posted on October 24, 2022
The port complex of Los Angeles and Long Beach is to receive about $840m in funding for infrastructure improvements – ironically just as throughput is down to near-record lows.
The state of California is poised to spend $1.2bn to fund port and supply chain upgrades to remedy the congestion and disruptions that hindered cargo flows through the US’s premier gateway for ocean freight.
Of the funds, 70% will go towards improvements at the ports of Los Angeles and Long Beach, with 30% for port and logistics infrastructure across the rest of California.
The state’s Port and Infrastructure Program was launched last year to address the growing congestion and vessel backlogs. According to the state’s legislative analyst’s office, eligible projects included intermodal yard expansion and grade separation, as well as projects targeting zero emissions.