(Jim Watts – The Bond Buyer)
Replacing and repairing the crumbling roads, rail, tunnels, and bridges linking seaports to the surface transportation network will cost at least $28.9 billion over the next 10 years, the American Association of Port Authorities warned in an economic study released Tuesday.
“The nation’s unsurpassed goods movement network needs immediate and significant investment in the arteries that carry freight to and from its seaports,” the AAPA said.
Kurt Nagle, president of the association that represents 83 of the 150 deep-draft commercial ports in the U.S., said that funding the “first and final mile” land-side connection is vital to the long-term ability of ports to efficiently move cargo and create jobs. Click here to read more.