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January 20, 2022

US to invest $14bn to expand ports and waterways

The move is part of an effort to increase climate resilience and improve sources for drinking water.

The US administration has unveiled plans to invest $14bn for the fiscal year 2022 to enhance ports and waterways across the country.

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The US Army Corps of Engineers (USACE) will invest this money from the ‘Bipartisan Infrastructure Law’ as well as other appropriations.

This move is part of an effort to increase climate resilience, improve sources for drinking water and, thereby, bolster the US supply chain.

The investment covers more than 500 projects in 52 US states and territories.

A White House statement reported that these projects include the revitalisation of Florida’s Everglades and the expansion of the Port of Long Beach in California.

USACE is allocating $1.1bn to preserve the Everglades, which provide drinking water for more than eight million people in Florida.

This funding is said to be the largest single investment ever for the restoration of the Everglades.

At Norfolk Harbor, Virginia, $69m of funding will help expand capacity as well as improve navigation.

Funding of $163m has also been allocated to the restoring of the Cano Martin Pena urban tidal channel as well as the surrounding San Juan Bay National Estuary areas.

The White House said in a press statement: “These key projects will strengthen the nation’s supply chain, provide significant new economic opportunities nationwide and bolster our defences against climate change.”

Through 15 projects, USACE will also direct $1.7bn to combat inland flood risks.

Furthermore, it will allocate $645m to combat coastal flood risks through 15 projects across Louisiana, Virginia and California.

Of the funding, 40% will be directed towards climate and clean energy projects for marginalised and underserved communities.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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