What's Happening?
The American Association of Port Authorities (AAPA) and a coalition of donor and energy transfer ports have appealed to Congress to reverse funding cuts from the Harbor Maintenance Trust Fund (HMTF). These cuts threaten over $1 billion in direct investment in U.S. ports, impacting national security, supply chain resilience, and energy exports. The coalition's letter to the House and Senate Appropriations Committees highlights the importance of restoring Section 102 and 2106 funding, which was enacted under the Water Resources Development Act (WRDA) of 2020. This funding ensures fair allocation of Harbor Maintenance Tax revenues, supporting critical port projects.
AD
Why It's Important?
Restoring infrastructure funding is vital for maintaining the operational efficiency and competitiveness of U.S. ports. These ports play a crucial role in the national economy, facilitating trade and energy exports. The funding supports projects that enhance seismic resilience, dock rehabilitation, and berth dredging, which are essential for adapting to changing environmental and economic conditions. Without these investments, U.S. ports risk losing their competitive edge, affecting industries reliant on maritime transport. The funding cuts could also undermine efforts to strengthen supply chain resilience and national security.
What's Next?
The coalition is urging Congress to include specific language in the FY2026 Energy & Water Appropriations Act to direct the Army Corps of Engineers to allocate necessary funds for donor and energy transfer ports. This includes $417.6 million from the HMTF and $62 million from the general fund for eligible projects. The coalition seeks to reaffirm Congressional intent to implement WRDA 2020 as written, ensuring consistent investment in port infrastructure. The outcome of these efforts will determine the future of U.S. port development and their ability to support economic growth.
