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4/5/2021



Rail News: Rail Industry Trends

CAGTC endorses freight infrastructure investment in Biden jobs plan


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Coalition for America’s Gateways and Trade Corridors (CAGTC) is supporting the American Jobs Plan, saying it will help make the nation's transportation infrastructure more competitive in the global marketplace.

CAGTC Executive Director Elaine Nessle released a statement of support after the Biden administration unveiled its proposal last week. The plan proposes to invest more than $2.2 trillion to spur and support economic recovery. Included is $621 billion for built-infrastructure transportation improvements, such as investment in roads, bridges, rail, ports and airports.

“For two decades, our coalition has spoken about the need for increased investment in the nation’s multimodal freight network," Nessle said. "The COVID-19 pandemic highlighted that need, drawing attention to the impacts supply chain disruptions have on the lives of all Americans, and also the national economy. The Biden-Harris administration is proposing an unprecedented level of infrastructure investment."

While the levels may be unprecedented, they are not unjustified, Nessle said.

"Based on demonstrated freight infrastructure needs alone, CAGTC is calling for a minimum annual investment of $12 billion in multimodal goods movement infrastructure through a merit-based, competitive approach," she said.



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