House Panel OKs $2.4B for Ports Over Six Years

Sanchez, Humberto
March 2006
Bond Buyer;3/31/2006, Vol. 355 Issue 32351, p4
Trade Publication
The article reports that the House panel has approved legislation to authorized 2.4 billion dollars in grants to port operators. The funding would covered the cost of needed security improvement, including enhanced checkpoints, perimeter protection, and communication systems. Port operators were authorized to receive 400 million a year between fiscal 2007 and fiscal 2012. The funding for the grants would came from duties collected by the U.S. Customs and Border Protection activates.


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