California Allots Budget Of $2.3 Billion For Port- And Supply Chain-Related Needs

Port of Long Beach Executive Director Mario Cordero issued this statement following the release of Gov. Gavin Newsom’s California budget on Monday.

“The governor’s proposed budget includes significant and targeted investments in the state’s seaports that will improve the efficiency, sustainability and velocity of goods movement. The COVID-19 pandemic has underscored the importance of the state’s ports and supply chain, so these investments are very well-timed.

California port
Representation Image

“With $2.3 billion designated for port- and supply chain-related needs, the state of California will make a decisive step forward in nurturing the beneficial economic impacts that international trade brings to the state. The funding will help to strengthen the vigorous capital improvement and environmental sustainability programs at the Port of Long Beach.

“With $875 million to help fund clean trucks and terminal equipment, the budget is also plugging into the Port’s ongoing transition to zero-emissions operations. The budget also includes $110 million for a state-of-the-art workforce training center planned in the San Pedro Bay ports complex to improve crucial dockworker skills. We welcome Governor Newsom’s visionary plan for port-related funding.”

Reference: polb.com

Latest Shipping News

Leave a Reply

Your email address will not be published.