Hunter’s Deal with China on Cobalt, Slaves and Human Rights Violations

It is not just about batteries for electric vehicles, it is really all batteries and the Obama/Biden administration allowed this nefarious deal to happen.

The Biden family began gifting China with anything it wanted and it continues now in the Biden presidency.

Congo and the cobalt mines employ slaves….even child slaves. so, let’s begin here shall we?

Google parent Alphabet, Apple, Dell, Microsoft and Tesla won’t have to face a class action suit claiming the tech giants bear responsibility for the alleged use of child labour in Congo to mine cobalt, a key ingredient of batteries in electric cars and consumer electronics, a federal court in Washington ruled Tuesday.

An NGO called International Rights Advocates launched the suit in December 2019, on behalf of more than a dozen families of children killed or hurt in the artisinal cobalt mines in the Congo, responsible for more than two-thirds of global production of the metal. source

If the whole world wants cobalt, and all the cobalt is in Congo, why are  people in the country dying of hunger?

The president’s son was part owner of a venture involved in the $3.8 billion purchase by a Chinese conglomerate of one of the world’s largest cobalt deposits. The metal is a key ingredient in batteries for electric vehicles.

NYT’s: An investment firm where Hunter Biden, the president’s son, was a founding board member helped facilitate a Chinese company’s purchase from an American company of one of the world’s richest cobalt mines, located in the Democratic Republic of Congo.
Mr. Biden and two other Americans joined Chinese partners in establishing the firm in 2013, known as BHR and formally named Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company.
The three Americans, all of whom served on the board, controlled 30 percent of BHR, a private equity firm registered in Shanghai that makes investments and then flips them for a profit. The rest of the company is owned or controlled by Chinese investors that include the Bank of China, according to records filed with Chinese regulators.
One of BHR’s early deals was to help finance an Australian coal-mining company controlled by a Chinese state-owned firm. It also assisted a subsidiary of a Chinese defense conglomerate in buying a Michigan auto parts maker.
The firm made one of its most successful investments in 2016, when it bought and later sold a stake in CATL, a fast-growing Chinese company that is now the world’s biggest maker of batteries for electric vehicles.
The mining deal in Congo also came in 2016, when the Chinese mining outfit China Molybdenum announced that it was paying $2.65 billion to buy Tenke Fungurume, a cobalt and copper mine, from the American company Freeport-McMoRan.
Glencore to Reopen One of World's Biggest Cobalt Mines in Congo - Bloomberg
As part of that deal, China Molybdenum sought a partner to buy out a minority stakeholder in the mine, Lundin Mining of Canada. That is when BHR became involved.
Records in Hong Kong show that the $1.14 billion BHR, through subsidiaries, paid to buy out Lundin came entirely from Chinese state-backed companies.
China Molybdenum lined up about $700 million of that total as loans from Chinese state-backed banks, including China Construction Bank. BHR raised the remaining amount from obscure entities with names like Design Time Limited, an offshore company controlled by China Construction’s investment bank, according to the Hong Kong filings.
Before the deal was done, BHR also signed an agreement that allowed China Molybdenum to buy BHR’s share of the mine, which the company did two years later, the filings show. That purchase gave China Molybdenum 80 percent ownership of the mine. (Congo’s state mining enterprise kept a stake for itself.)
By the time BHR sold its share in 2019, Mr. Biden controlled 10 percent of the firm through Skaneateles L.L.C., a company based in Washington. While Chinese corporate records show Skaneateles remains a part owner of BHR, Chris Clark, a lawyer for Mr. Biden, said that he “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.” The Chinese records show that Mr. Biden was no longer on BHR’s board as of April 2020. Mr. Biden did not respond to requests for comment.
A former BHR board member told The New York Times that Mr. Biden and the other American founders were not involved in the mine deal and that the firm earned only a nominal fee from it. The money, the former board member said, went into the firm’s operating funds and was not distributed to its owners.
It is unclear how the firm was chosen by China Molybdenum. Current executives at BHR did not return emails and phone calls seeking comment. “We don’t know Hunter Biden, nor are we aware of his involvement in BHR,” Vincent Zhou, a spokesman for China Molybdenum, said in an email.
A dozen executives from companies involved in the deal, including Freeport McMoRan and Lundin, said in interviews that they were not given a reason for BHR’s participation. Most of the executives also said they were unaware during the deal of Mr. Biden’s connection to the firm.
Paul Conibear, Lundin’s chief executive at the time, said it was made clear that China Molybdenum was leading the transaction even though the buyer of Lundin’s stake was BHR.
“I never really understood who they were,” Mr. Conibear said of BHR.
When the mine was sold, Mr. Biden’s father was near the end of his term as vice president. In the run-up to the 2020 presidential election, Hunter Biden’s business ties in China were widely publicized.
But BHR’s role in the Chinese mine purchase was not a major focus. It has taken on new relevance because the Biden administration warned this year that China might use its growing dominance of cobalt to disrupt America’s retooling of its auto industry to make electric vehicles. The metal is among several key ingredients in electric car batteries.
When asked if the president had been made aware of his son’s connection to the sale, a White House spokesman said, “No.”

103,000 Dead in One Year From Fentanyl, Biden Admin Ignores the Crisis

Drug Cartels 1 Biden 0

 

The Biden administration is silent on the crisis and this deadly crisis was not a covered topic at all during the summit the White House held with the presidents of Mexico and Canada. The White House tells us to listen as they listen to the CDC…but it is selective listening.

Furthermore, Biden allegedly spent 3.5 hours in a virtual summit meeting with President Xi of China and never bothered to discuss the manufacture of illicit trafficking of fentanyl to Mexico and that deadly partnership.

The DEA published a factual report on this crisis last year.

So here is a CDC report:

More Americans died of drug overdoses between April 2020 and April 2021 than in any previous yearlong period, the Centers for Disease Control reported Wednesday.

The CDC’s National Center for Health Statistics found that more than 100,000 Americans died of overdosing, a nearly 30 percent spike from the year before and more than double the number of deaths in 2015.

“These are numbers we have never seen before,” National Institute on Drug Abuse director Dr. Nora Volkow told the New York Times.

The Times reported that the spike in deaths was largely caused by increased use of fentanyl, a powerful opioid. The Washington Free Beacon reported on Wednesday that Customs and Border Protection in October captured nearly 1,050 pounds of fentanyl, the fifth-highest amount in three years.

A senior Department of Homeland Security official told the Free Beacon that drug cartels are “exploiting the migrant crisis” to smuggle drugs into the United States. Many of the states hardest hit by the overdoses have put the blame on President Joe Biden, who rolled back many of former president Donald Trump’s border policies.

Biden’s policies have contributed to the “devastating deadly flood of fentanyl across the southwest border,” attorneys for West Virginia wrote in the state’s lawsuit against DHS.

*** Fentanyl seizures at border double over past year: report enough to kill us all….read that again…kill us all. Furthermore, it is being secreted in other drugs so you may not even know you’re taking it. This begins in China and ends in the United States through Mexico. How many more will die?

A close friend of mine Derek Maltz has been leading the mission on dealing with the crisis and has given testimony before Congress and still no advancing of any kind of legislation to stop the crisis at our southern border.

But you need to see the faces, the real faces of victims of fentanyl.

WATCH: Moms Stop The Harm respond to opioid crisis – Victoria News

There are a thousand more faces…. Derek Maltz has 25 pages of faces just like the one above….
***
With international travel limited, synthetics that are easier to manufacture and more concentrated were likely more efficient to smuggle across borders, Volkow said.
The US government has seized enough fentanyl this year to give every American a lethal dose, Drug Enforcement Administration Administrator Anne Milgram said Wednesday at a White House press briefing, calling the overdose epidemic in the US “a national crisis” that “knows no geographical boundaries, and it continues to get worse.”
The new federal data shows that overdose deaths from methamphetamine and other psychostimulants also increased significantly, up 48% in the year ending April 2021 compared to the year before. They accounted for more than a quarter of all overdose deaths in the latest 12-month period.
While fentanyl was once more popular on the East Coast and methamphetamine on the West Coast, Volkow says both have now proliferated nationwide.
***

While seemingly dominated by two large criminal groups in Mexico, the fentanyl trade requires vast networks of smaller subcontractors who specialize in importing, producing, and transporting synthetic drugs. Both large and small organizations appear to be taking advantage of the surge in popularity of the drug, which is increasingly laced into other substances such as cocaine, methamphetamine, and marijuana—very often without the end-user knowing it. To be sure, rising seizures of counterfeit oxycodone pills laced with fentanyl illustrate that the market is maturing in other ways as well.

Fentanyl’s potency also opens the door to entrepreneurs who bypass Mexico altogether, obtaining their supplies directly from China and selling them on the dark web. There is little public understanding of the prevalence of this part of the trade and even less of its medium- and long-term implications. The low barrier of entry into this market and its high returns make for a frightening future in which synthetic drugs of all types could proliferate. This full report is found here.

 

China versus Taiwan and the United States, Just the Facts

A hacking group has compromised at least nine global organizations in the fields of technology, defense, energy and other key sectors as part of an apparent espionage campaign. Attribution is still ongoing, specific tools and methods used in the apparent hacking efforts are in line with those used by Chinese cyber-espionage group Emissary Panda, also known as TG-3390, APT 27 and Bronze Union.

While China has indeed surpassed the United States in the size of their Navy, the other concern is the build up of Chinese nuclear weapons.  Meanwhile, the United States has deployed at least 30 U.S.military forces to Taiwan for training.For years, U.S.-Taiwan military exchanges have been thought of as an open secret—also known by the People’s Republic of China (PRC) leadership in Beijing. However, Tsai became the first Taiwanese leader in decades to publicly acknowledge the existence of a training program.

The United States has deployed the Iron Dome missile-defense system for testing in Guam by U.S. military planners concerned about possible Chinese attacks.Chinese President Jinping awarded additional 'War Powers ...

WAR GAMES:

The Chinese military – the People’s Liberation Army – is waging so-called gray-zone warfare against Taiwan. This consists of an almost daily campaign of intimidating military exercises, patrols and surveillance that falls just short of armed conflict. Since that report, the campaign has intensified, with Beijing stepping up the number of warplanes it is sending into the airspace around Taiwan. China has also used sand dredgers to swarm Taiwan’s outlying islands.

Military strategists tell Reuters that the gray-zone strategy has the potential to grind down Taipei’s resistance – but also that it may fall short, or even backfire by strengthening the island’s resolve. They are also envisioning starker futures. While they can’t predict the future, military planners in China, Taiwan, the United States, Japan and Australia are nonetheless actively gaming out scenarios for how Beijing might try to seize the prized island, and how Taiwan and America, along with its allies, might move to stop it.Xi’s options include seizing Taiwan’s outlying islands, blockades or all-out invasion. Some Taiwanese military experts say Beijing’s next step might be to seize the lightly defended and remote Pratas Islands in the north of the South China Sea.  Any of these moves could spin out of control into war between China and America over Taiwan.

Reuters has published a comprehensive report and possible scenarios.

The Chinese military has built targets in the shape of an American aircraft carrier and other U.S. warships in the Taklamakan desert as part of a new target range complex, according to photos provided to USNI News by satellite imagery company Maxar.

The full-scale outline of a U.S. carrier and at least two Arleigh Burke-class destroyers are part of the target range that has been built in the Ruoqiang region in central China. The site is near a former target range China used to test early versions of its so-called carrier killer DF-21D anti-ship ballistic missiles, according to press reports in 2013.

This new range shows that China continues to focus on anti-carrier capabilities, with an emphasis on U.S. Navy warships. Unlike the Iranian Navy’s aircraft carrier-shaped target in the Persian Gulf, the new facility shows signs of a sophisticated instrumented target range.

A target in the shape of a U.S. Destroyer in the Taklamakan Desert in Central China. H I Sutton Illustration for USNI News Satellite image ©2021 Maxar Technologies Used with Permission

The carrier target itself appears to be a flat surface without the carrier’s island, aircraft lifts, weapons sponsons or other details, the imagery from Maxar shows. On radar, the outline of the carrier stands out from the surrounding desert – not unlike a target picture, according to imagery provided to USNI News by Capella Space.

There are two more target areas representing an aircraft carrier that do not have the metaling, but are distinguishable as carriers due to their outline. But other warship targets appear to be more elaborate. There are numerous upright poles positioned on them, possibly for instrumentation, according to the imagery. Alternatively these may be used for radar reflectors to simulate the superstructure of the vessel.

The facility also has an extensive rail system. An Oct. 9 image from Maxar showed a 75 meter-long target with extensive instrumentation on a 6 meter-wide rail.

Target range in the Taklamakan desert in Central China. H I Sutton illustration for USNI News

The area has been traditionally used for ballistic missile testing, according to a summary of the Maxar images by geospatial intelligence company AllSource Analysis that identified the site from satellite imagery.

“The mockups of several probable U.S. warships, along with other warships (mounted on rails and mobile), could simulate targets related to seeking/target acquisition testing,” according to the AllSource Analysis summary, which said there are no indications of weapon impact areas in the immediate vicinity of the mockups. “This, and the extensive detail of the mockups, including the placement of multiple sensors on and around the vessel targets, it is probable that this area is intended for multiple uses over time.“

Analysis of historical satellite images shows that the carrier target structure was first built between March and April of 2019. It underwent several rebuilds and was then substantially dismantled in December 2019. The site came back to life in late September of this year and the structure was substantially complete by early October.

Detailed Photos of the mobile target at the Ruoqiang facility. H I Sutton Illustration for USNI News Satellite image ©2021 Maxar Technologies Used with Permission

China has several anti-ship ballistic missile programs overseen by the People’s Liberation Army Rocket Force. The land-based CSS-5 Mod 5 (DF-21D) missile has a range of over 800 nautical miles. It has a maneuverable reentry vehicle (MaRV) to target ships. The larger CSS-18 (DF-26) has a range of around 2,000 nautical miles.

“In July 2019, the PLARF conducted its first-ever confirmed live-fire launch into the South China Sea, firing six DF-21D anti-ship ballistic missiles into the waters north of the Spratly Islands,” according to the Pentagon’s latest annual report on China’s military. The Chinese are also fielding a longer range anti-ship ballistic missile that initially emerged in 2016.

“The multi-role DF-26 is designed to rapidly swap conventional and nuclear warheads and is capable of conducting precision land-attack and anti-ship strikes in the Western Pacific, the Indian Ocean, and the South China Sea from mainland China. In 2020, the PRC fired anti-ship ballistic missiles against a moving target in the South China Sea, but has not acknowledged doing so,” reads the report.

A Nov. 5, 2021 Capella Space synthetic aperture radar image of the target in the shape of a U.S. aircraft carrier in the Taklamakan Desert H I Sutton Illustration for USNI News

In addition to the land-based anti-ship ballistic missiles, China has a program to equip the People’s Liberation Army Navy H-6 bombers with a massive anti-ship ballistic missile. First revealed in 2018, the CH-AS-X-13 will likely be the largest air-launched missile in existence, and would be large enough to accommodate a hypersonic warhead.

Another possible launch platform for anti-ship ballistic missiles is the new Type-055 Renhai Class large destroyer. Described as a guided-missile cruiser, it will be capable of carrying anti-ship ballistic missiles, according to the Pentagon report.

It’s not the first time China has built an aircraft carrier target in the desert. Since 2003, a large concrete pad, roughly the size of a carrier, has been used as a target. The slab, which is part of the Shuangchengzi missile test range, has been hit many times and is frequently repaired. The new site in the Taklamakan desert is 600 miles away and is much more evolved. The newer ship targets are closer approximations of the vessels that they are supposed to represent.

DoD Graphic

While questions remain on the extent of weapons that will be tested at the new facility, the level of sophistication of what can now be seen at the site show the PLA is continuing to invest in deterrents to limit the efficacy of U.S. naval forces close to China – in particular targeting the U.S. carrier fleet.

According to the Pentagon report released last week, a primary objective of the PLARF will be to keep U.S. carriers at risk from anti-ship ballistic missiles throughout the Western Pacific.

Biden’s Nominee for the Treasury Dept is Member of a Facebook Marxist Group

It used to be that anyone chosen to be in a presidential cabinet role experienced exceptional resume scrutiny before they were selected. It is likely that remains the case under the Biden administration and that should tell another part of the story….the Biden advisors are supporters themselves are Marxists. Further, the American people are forced to accept associated policies and legislation that is playing out today under this administration.

So, who is Saule Omarova? Apparently she is a person that all democrats approve of since not one person on the Left has expressed worry or criticism.Saule Omarova specializes in regulation of financial institutions, banking law, international finance, and corporate finance. Before joining Cornell Law School in 2014, she was the George R. Ward Associate Professor of Law at the University of North Carolina School of Law.

She is also part of the Berggruen Institute. What is that?

Founded in 2010 by philanthropist and investor Nicolas Berggruen, the Berggruen Institute develops the foundational ideas and critical analysis needed to unlock enduring progress for political, economic, and social institutions in the 21st century. Since its inception, the Berggruen Institute has launched the 21st Century Council, the Council for the Future of Europe, the Berggruen China Center, the Think Long Committee for California, and the signature Berggruen Prize for Philosophy and Culture.

In partnership with the University of Southern California Dornsife Center on Science, Technology and Public Life (STPL), Berggruen Fellowships offer scholars flexible periods of work and study in both the United States and China.

Saule Omarova Height, Weight, Net Worth, Age, Birthday ...

 

FNC:

Saule Omarova, President Biden’s pick to be the comptroller of the currency within the Treasury Department, appears to have joined a Facebook group for Marxist and socialist discussion in 2019, according to a post in the group called “Marxist Analysis and Policy.”

This week, the right-leaning American Accountability Foundation first resurfaced a 2019 post from the public Facebook group. A member posted, “Let’s welcome our newest members: Saule Omarova.”

The post links to a Facebook account that’s been in operation since at least 2017 with a profile picture that appears to be of Omarova. The account’s profile picture has 85 visible likes and 14 visible comments, some of which appear to be from people who would reasonably run in the same social circles as Omarova. Those include a University of Minnesota law professor and a Cornell engineering professor.

The White House announced that it is nominating Omarova – a Cornell law professor – to run the key post that regulates national banks last month. Since then, Omarova has drawn harsh scrutiny for her past comments that were very hostile toward the financial services industry. She’s also been attacked over her Moscow State University thesis about Marxism, which Sen. Pat Toomey, R-Pa., is demanding that she turn over to the Banking Committee.

FOX Business sent messages to both Omarova and the White House requesting confirmation that the Facebook account is authentic, and asking for comment. Neither responded.

The Facebook group’s description states that it is for socialism and against capitalism.

“This Marxist group is a platform for analysis, policy (sic) and polemics from the perspectives of a diverse range of Socialist and anti-capitalist views,” it says. “We are against exploitation, inequality, racial (sic) discrimination and ecological destruction at the core of Capitalist social relations. The working class has the potential and the ability to change Capitalism and in the process change itself. Only working people, by (sic) their own efforts, can free themselves from Capitalism. We stand for the self emancipation of the working class and Socialism.”

The group’s rules say, “No personal abuse will be allowed. Nor will racist or fascist comments be tolerated. Support for the Tory party is not acceptable. A culture of diverse Marxist, Socialist and radical views is the framework for the group.”

The posts in the group appear to indicate that it is a forum for serious ideological discussion, and not a parody forum. A post in the group from Oct. 19 promotes a lecture by a Dublin City University professor about “A Marxist Narrative, From Marx and Engels to COVID-19.”

Older posts include the “ACAB” (All Cops are Bastards) slogan, and celebrate the 2020 Seattle autonomous zone protest as at the center of the battle for socialism.

“Seattle emerged once again as the center of anti-capitalist mobilizations,” one poster wrote. “The protestors occupied 6 blocks, and declared them to be police-free areas. They operate like a ‘soviet’ with many radical anti-police, and anti-capitalist speeches.”

The poster added: “The radicalization of the youth and young workers in Seattle is very important. It shows a way for the protests in the rest of the country. This is one of these times that the masses radicalize very fast, and they are open for revolutionary socialist alternatives to the decaying capitalism.” More here

***

Will anyone in the media ask Jen Psaki or ol Joe himself if they support Marxist’s ideology of if they themselves are Marxists?

 

Supply Chain Crisis and Where is the Defense Production Act?

What is the Defense Production Act?

The Defense Production Act is the primary source of presidential authorities to expedite and expand the supply of materials and services from the U.S. industrial base needed to promote the national defense. DPA authorities are available to support: emergency preparedness activities conducted pursuant to title VI of the Stafford Act; protection or restoration of critical infrastructure; and efforts to prevent, reduce vulnerability to, minimize damage from, and recover from acts of terrorism within the United States. DPA authorities may be used to:

  • Require acceptance and preferential performance of contracts and orders under DPA Title I. (See Federal Priorities and Allocations System (FPAS).)
  • Provide financial incentives and assistance (under DPA Title III) for U.S. industry to expand productive capacity and supply needed for national defense purposes;
  • Provide antitrust protection (through DPA voluntary agreements in DPA Title VII) for businesses to cooperate in planning and operations for national defense purposes, including homeland security.

But national security? Yes. We remain the midst of the Covid 19 pandemic and those affected could and often are our protectors, not only medically but when it comes to legally or militarily.

While we are fretting over shortages and necessities in our daily lives there are two real areas of major concern, they are medicines and micro-chips (semiconductors) used for advanced technology of many varieties.

China Is Getting Ready to Take On the World's Biggest ...

Basic medicines in use either by prescription or over the counter are manufactured in Asia, mostly China that is. It is a fact we learned in the early days of the pandemic. Imagine now that we are faced with a shortage of antibiotics, insulin, aspirin or Lasix and Dyazide. Could we once again face personal protection equipment shortages?

DOD Announces $74.9 Million in Defense Production Act ...

When it comes to semiconductors, the following is important to know:

In part from a senate committee: To mitigate supply chain risks and ensure that semiconductors used in sensitive military systems do not have malware embedded in them, in 2004 the Department of Defense established the “Trusted Foundry Program.” Under this program the government identifies companies deemed secure and trustworthy enough to produce chips exclusively for the military. Two facilities currently operate under this program, one in Vermont and one in New York.

The program only produces a small percentage of the nearly 2 billion semiconductors DOD acquires each year. Some observers have expressed concern that the trusted foundries are falling behind technologically compared to commercial fabrication facilities in East Asia. This could leave the U.S. military at a technological disadvantage to China and other countries that buy superior chips.

In 2017, the Defense Advanced Research Projects Agency launched the Electronics Resurgence Initiative, which seeks to address market and technological trends and challenges in the microelectronics sector.

Sounds shaky right? It is as we need results and we need them now. So where is that order by the Biden administration for the Defense Production Act which would jump start real action in all the various reasons for the log jam at ports around the United States? There is no one single reason for the cargo ships being stacked up in Long Beach, Los Angeles, Port Houston, Savannah to name a few.

The United States can relieve the cargo pressures immediately by deploying the National Guard, signing waivers on regulations and by stopping all the financial payments that encourage people to simply not go to work.


The BBC reports in part: 

The shortages hitting countries around the world

A “perfect storm” in China is hitting shoppers and businesses at home and overseas.

It is affecting everything from paper, food, textiles and toys to iPhone chips, says Dr Michal Meidan from the Oxford Institute for Energy Studies.

She says these items “may end up being in short supply this Christmas”.

Then there is the Department of Transportation and the Secretary has been absent….his involvement in this?

Maritime administration –>

U.S. maritime ports are critical links in the U.S. domestic and international trade supply-chain.  Ports serve as centers of commerce where freight and commodities are transferred between cargo ships, barges, trucks, trains, and pipelines.

The Port Infrastructure Development Program supports the efficient movement of commerce upon which our economy relies through discretionary grant funding that helps strengthen, modernize, and improve our country’s maritime systems and gateway ports. Grants are awarded on a competitive basis and support the Nation’s long-term economic vitality.

Port Infrastructure Development grants provide planning, operational and capital financing, and project management assistance to improve port capacity and operations.

Authorization History

The Port Infrastructure and Development Program was authorized by Congress as part of the National Defense Authorization Act for Fiscal Year 2010 (Public Law 111-84). The legislation states that “The Secretary of Transportation, through the Maritime Administrator, shall establish a port infrastructure development program for the improvement of port facilities.”

The law specifically authorizes the Administrator to:

  1. Receive funds provided for the project from Federal, non-Federal, and private entities that have a specific agreement or contract with the Administrator to further the purposes of this subsection;
  2. Coordinate with other Federal agencies to expedite the process established under the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.) for the improvement of port facilities to improve the efficiency of the transportation system, to increase port security, or to provide greater access to port facilities;
  3. Seek to coordinate all reviews or requirements with appropriate local, State, and Federal agencies; and
  4. Provide such technical assistance and financial assistance, including grants, to port authorities or commissions or their subdivisions and agents as needed for project planning, design, and construction.

The authorizing legislation also established a Port Infrastructure Development Fund for use by the Administrator in carrying out projects under the program. The fund is available for the Administrator to:

  1. Administer and carry out projects under the program;
  2. Receive Federal, non-Federal, and private funds from entities which have specific agreements or contracts with the Administrator; and
  3. Make refunds for projects that will not be completed.

There are also additional legislative provisions for the crediting and transfer of monies into the fund.