Funding Only Bright Spot in President’s Budget - AAPA
The American Association of Port Authorities (AAPA), the recognized and authoritative voice of the seaport industry, yesterday noted some positive aspects but mostly disappointment over the funding levels and programmatic changes in federal port-related programs that were proposed today in President Obama’s fiscal 2016 budget. “International trade now accounts for fully 30 percent of the U.S. economy,” said Kurt Nagle, AAPA’s president and CEO. The President’s budget includes a $478 billion, six-year surface transportation reauthorization proposal, to be paid for with transition revenue from business tax reform. The proposal would pay for repairs to existing roads and bridges…
Conference to Follow Up President's Port Investment Push
The upcoming Infocast presented 'Port & Intermodal Finance & Investment Summit' will be hosted & sponsored by the Port of Miami, FL. President Obama recently outlined a program of bonds and other measures to encourage such spending on roads, bridges and ports when he spoke at the Port of Miami. The Port & Intermodal Finance & Investment Summit, April 16-18, 2013, will bring together port authorities, terminal operators, shipping lines, intermodal carriers and financial players to share their perspectives, establish a constructive dialogue, build understanding and ultimately develop the financial models that will support the pipeline of capital intensive projects on the drawing board.
