The US Department of Transportation’s (DOT) Build America Bureau has offered a $500m loan to the Port of Long Beach.
The loan was provided under the Transportation Infrastructure Finance and Innovation Act (TIFIA).
US Transportation Secretary Elaine L Chao said: “This $500m federal investment reflects the president’s continued emphasis on infrastructure that will reduce traffic congestion while enhancing the Port of Long Beach’s ability to handle large container ships to support economic growth...
https://www.ship-technology.com/news/us-dot-500m-loan-port-of-long-beach/