SACRAMENTO, Calif. — The U.S. Department of Transportation and state of California will work together on a program to address supply-chain issues through infrastructure projects under an agreement announced last week.
The Emerging Projects Agreement aims to facilitate projects and financing for transportation projects to improve the movement of imports and exports and “bring supply chain processes into the 21st century,” according to a press release.
The agreement is meant to aid projects such as port-specific upgrades, expanding freight-rail capacity, developing inland port facilities, and railyard and truck electrification. Funding support could come through U.S. DOT programs such as Railroad Rehabilitation and Improvement Financing (RRIF) and the Transportation Infrastructure Finance and Innovation Act (TIFIA).
“Our supply chains are being put to the test, with unprecedented consumer demand and pandemic-driven disruptions combining with the results of decades-long underinvestment in our infrastructure,” said U.S. Transportation Secretary Pete Buttigieg. “…Today’s announcement marks an innovative partnership with California that will help modernize our infrastructure, confront climate change, speed the movement of goods and grow our economy.”
California Gov. Gavin Newsom said the agreement “will help us jump start and support multiple infrastructure projects to improve our supply chain, making sure goods get to where they need to go faster, cheaper, and more environmentally friendly.”
Share this article
