Newsom and Buttigieg Announce Billions of Loans to Address Bottlenecks and Modernize California Ports

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In an effort to address supply chain bottlenecks and modernize California’s clogged ports, Gov. Gavin Newsom and Transportation Secretary Pete Buttigieg on Thursday announced a multibillion-dollar partnership to the state.

The loans “will help grow the economy, protect the environment, facilitate the movement of imports and exports, and bring supply chain processes into the 21st century,” according to an online press release. of the United States Department of Transportation (DOT).

LONG BEACH, LOS ANGELES PORTS SHOULD OVERLOAD OCEANIC CARRIERS WHOSE CARGO IS WAITING AT TERMINALS

Aerial view of the ports of Long Beach and Los Angeles.

“California’s system of ports and infrastructure is critical to the nation’s supply chain,” Newsom said in a statement. “Through our collaboration with the Biden-Harris administration, this innovative federal-state partnership will help us accelerate projects that will make our ports and infrastructure even more efficient.”

Newsom also insisted that the partnership “will help us start and support several infrastructure projects to improve our supply chain, ensuring that goods get where they need to go faster, cheaper and more respectful of the environment “.

California Governor Gavin Newsom at a press conference on October 8, 2021 in Oakland, California. (Justin Sullivan / Getty Images)

While it does not appear that the costly partnership will have an impact on the port and supply chain bottleneck crisis that California is currently facing, the press release noted that “the partnership may help start construction to deliver benefits to the transportation supply chain and U.S. consumers in the future. ”

“Our supply chains are under strain, with unprecedented consumer demand and disruption from a pandemic combining with the results of decades of underinvestment in our infrastructure,” Buttigieg said in a statement. “This is why this administration works tirelessly to address the short and long term challenges of our supply chains, including investments such as those in the bipartite agreement on infrastructure.”

Pete Buttigieg speaks during a confirmation hearing to be Secretary of Transportation on Capitol Hill Thursday, January 21, 2021, in Washington. ((Ken Cedeno / Pool via AP))

Buttigieg also said the partnership “will help modernize our infrastructure, tackle climate change, speed up the movement of goods and grow our economy.”

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As proactive solutions seem out of reach, the DOT also said in the press release that “the State of California and the Biden-Harris administration are actively working on short term loans solutions to address the bottlenecks.”

Biden administration port envoy John Porcari said the partnership would provide California “with a base to build a comprehensive program of public and public-private projects that will help build a stronger freight chain. and more resilient … ”

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