How will the CAAP be funded?
The Ports are proposing to provide over $400 million over the next five years to support truck fleet modernization, the Technology Advancement Program, vessel speed reduction incentives, cold-ironing infrastructure and LNG fueling infrastructure development. In addition to the Port’s money, the CAAP will be supplemented with financial support from SCAQMD. In addition, the Port’s will seek state bond money and other sources of grant funding to expand its mitigation efforts.
At present, significant portions of the Clean Air Action Plan remain underfunded. As a result, the Ports are exploring various mechanisms to achieve the goals outlined in the Clean Air Action Plan. One mechanism that could alleviate the funding shortfall is the application of impact fees associated with the movement of cargo or sources (i.e., trucks, locomotives, vessels, etc.). Staff is committed to evaluate the use of fees to accelerate emission reductions from all source categories.