President Joe Biden’s point-person for clearing the supply-chain bottleneck in southern California hailed a new agreement that will fast-track multiple logistics projects in the Golden State.
The Emerging Projects Agreement is the first time the federal government has teamed with a state to develop and fund a range of supply-chain projects at once, rather than taking a piecemeal approach to specific initiatives, Port Envoy John Porcari told reporters Thursday. The accord will make available two federal loan programs to projects including upgrading highways and ports, developing inland warehouse facilities and expanding freight-rail capacity.
