The Transportation and Infrastructure Committee favorably reported the Full Utilization of the Harbor Maintenance Trust Fund Act with one lawmaker voicing opposition.
The Massachusetts Port Authority plans to acquire two additional rubber-tired gantry cranes by year’s end for a total of 16 in operation at Conley Terminal.
Macquarie Infrastructure fund selling facilities to the Singapore-owned terminal operator for an undisclosed price.
H.R. 2396 would unlock the HMTF’s existing $9.3 billion balance and enable the expenditure of about $34 billion over the next decade.
The two sides will meet again in about three weeks to discuss how to pay for the package, which House Speaker Nancy Pelosi described as “big and bold.”
Speaker Pelosi and Senate Minority Leader Schumer wrote a letter to President Trump on Monday to outline priorities for Tuesday’s meeting about infrastructure.
Capital Development will invest more than $172 million as part of the deal for the 1.075 million-square-foot facility.
The Port of Boston invests in marine terminal infrastructure to handle regional cargo going on and coming off increasingly larger containerships.
Kenny Rocker, EVP of sales and marketing, said the rollout of the company’s Unified Plan 2020 is complete, which helped the Class I railroad overcome first-quarter challenges.
The meeting, which also will involve Senate Minority Leader Chuck Schumer, reportedly is scheduled for Tuesday morning.
The funds will go toward expanding services in Louisiana and Virginia and supporting the development of a new service in New York.
The Class I railroad’s $2.9 billion capital investment plan in 2019 also includes nearly $600 million to be invested across five other states.
The maximum award size is $25 million and no more than $90 million can be given to a single state.
World Distribution Services will invest $6.2 million in collaboration with Lingerfelt Commonwealth Partners on the project in Virginia Beach.
The cranes are the first of eight similar machines that will be delivered over the next few weeks.
The cranes are part of a $60 million terminal expansion and modernization project at its Honolulu hub.
Work began in October on the $63 million project, which was expected to take 18 months to complete.
The Class I railroad’s $2.9 billion capital investment plan also includes another $505 million to be invested across four other states.
The two have reportedly agreed “to meet soon,” according to White House spokesman Judd Deere.
Bethann Rooney is promoted to deputy director and Andy Saporito is named senior adviser for special projects.
