U.S. Public Port Development Expenditure Report

The Maritime Administration (MarAd) released the latest version of its U.S. Public Port Development Expenditure Report. The report, which relies on voluntary reporting by U.S. ports, indicates that capital expenditures by U.S. ports in 2003 totaled $1.7 billion. This included spending on improvements to marine terminal facilities and related land and waterside connections, as well as meeting needs for enhanced port security. Source: HK Law