Washington, DC—July 26, 2013— Building America’s Future applauds President Obama for renewing the Administration’s commitment to expediting critical projects at key ports. Last July the President announced an executive order that would expedite the modernization and expansion of five major U.S. ports, including JaxPort in Jacksonville, Florida where the President visited yesterday. BAF is encouraged with the President’s continued committed to our nation’s ports, critical infrastructure and transportation projects.
“I applaud President Obama for his vision to cut through red tape in order to fast-track our nation’s important port projects. Expediting investments into ports, bridges, roads and smart energy technology will put our nation back on track, rebuilding the economy and creating good jobs,” said Marcia Hale, President of Building America’s Future. “It was encouraging to see Secretary Foxx at yesterday’s event in Jacksonville, and it’s our hope that he appreciates the urgency of raising standards and capacity at ports so they can compete in the global economy.”
In 2012, Building America’s Future co-hosted a policy forum with the Jacksonville Chamber of Commerce that provided local, state and federal perspectives on infrastructure investments in our nation’s ports and other transportation systems. Jacksonville’s business community, mayor and thought leaders understand that having a first-class and modern infrastructure is the catalyst to economic growth in their region.
Late last year, Building America’s Future Educational Fund released an update to the report “Falling Apart and Falling Behind” which states that our nation’s ports, rails, bridges, roads, and aviation systems are outdated and ill-equipped to compete in the demanding global economy. With U.S. port infrastructure currently ranked 19th in the world according to the World Economic Forum and container port volumes projected to at least double by 2020, our nation needs to prioritize these critical investments in order to meet demands and compete in the global marketplace. For the full report and more information, please visit www.BAFuture.org/Report.