$10 Billion Fund for Zero-Emission Vessels and Infrastructure.
This law establishes a $10 billion program over ten years to accelerate the development and deployment of zero-emission ships and necessary charging and fueling infrastructure. The program aims to support communities affected by maritime transport and protect the environment by minimizing underwater noise. It prioritizes workforce training, environmental justice, and community engagement.
Key points
Authorizes $1 billion annually (FY 2025-2034) for grants and loans to develop zero-emission technology and retrofit vessels.
Requires prevailing wages for construction workers involved in funded projects.
Prioritizes projects that reduce underwater noise, advance environmental justice, and provide workforce training.
Prohibits the use of funds for automated vessels or automated cargo handling systems.
Status:
Expired
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