Illustrating the economic importance of seaports and infrastructure projects to our national supply chain, President Obama traveled to Coalition member PortMiami to see first-hand the benefits of investment at work.
The President called for $4 billion in loan and grant programs during his visit to the Port. Members of the Coalition for America’s Gateways and Trade Corridors (Coalition) have long supported both infrastructure grants, such as the Transportation Investment Generating Economic Recovery (TIGER) and Projects of National and Regional Significance (PNRS) programs, and loan programs, such as Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation and Improvement Financing (RRIF) to incentivize additional investments. President Obama’s focus during his visit accentuates the work of the Coalition by emphasizing the immediate need for transportation infrastructure investment and recognition of transportation investment as a long-term economic driver, in South Florida and nationally.
A commitment to investment in goods movement and dedicated funding for a freight program has been a long-standing goal of the Coalition.