On November 12, during a keynote address at the annual convention of the American Association of Port Authorities in Houston, Vice President Biden issued a call to action for greater investment in U.S. port facilities.
We are investing less than one percent of our GDP in transportation infrastructure . . . ranking 28th in the world among advanced nations. That is simply unacceptable.
The Vice President stated that after years of underinvestment, more than $90 billion in port improvements are needed by 2020. In part, these improvements are needed to prepare for a significant increase ...
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