Los Angeles Port To Eliminate ICF

News: The US port of Los Angeles has decided to eliminate the Infrastructure Cargo Fee (ICF), which was initially established to help finance key infrastructure projects with an aim of reducing traffic congestion, improving the flow of cargo and lowering air pollution. The ICF has been put on hold to allow other federal, state and regional grants to advance its projects. The fee, which would have been imposed on all loaded containers entering and leaving the port by truck or rail, was formally approved in 2008 but was never implemented. The imposition of the fee, which would have varied from US$6 to US$18 per twenty-foot equivalent unit, was expected to come into effect in 2009. It was likely to generate funds worth US$1.4bn, which would have been used for the design and construction of 17 specific highway and rail construction projects throughout the harbour district.

This article is tagged to:
Sector: Freight Transport, Shipping
Geography: United States

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