On October 28, the state of California and the U.S. Department of Transportation (DOT) announced a partnership to expedite several existing and new projects to upgrade port and other supply-chain infrastructure.
These projects represent long-term plans to alleviate congestion at Southern California’s ports and improve the capacity and resiliency of the goods supply chain. To fund the upgrades, the partnership will help match project sponsors with “innovative financing opportunities,” which partly include DOT credit assistance programs.
Possible projects to be funded through this agreement include port-specific upgrades; expanded capacity for freight rail; development of inland port facilities for more warehouse storage; railyard and truck electrification; highway upgrades to improve truck travel times; and expanded land ports of entry.
