The government has approved the 'Atlantic Gateway Automated Hubs Initiative', an £18.5 billion infrastructure scheme designed to retrofit the nation's five largest container ports with autonomous, AI-driven freight-handling cranes and deeper shipping berths. This upgrade is projected to increase cargo processing speeds by 45% and raise maximum annual freight tonnage capacity by 35%.
Explain one likely impact of this initiative on the long-run aggregate supply (LRAS) of the economy.
