USA - US Awards $220 Million in Port Grants
The U.S. Department of Transportation has awarded $220 million in grants to ports in sixteen states and territories.
The discretionary grant funding was announced Thursday by U.S. Transportation Secretary Elaine L. Chao. The funding is provided through the Maritime Administration’s (MARAD) Port Infrastructure Development Program. The program “aims to support efforts by ports and industry stakeholders to improve facility and freight infrastructure to ensure our nation’s freight transportation needs, present and future, are met.” It also “provides planning, operational and capital financing, and project management assistance to improve their capacity and efficiency,” the U.S. Maritime Administration said.
The grants were awarded a total of 18 projects, including eight located in “Opportunity Zones”, which have been identified as economically distressed communities fo revitalization using private investments.
“This critical investment demonstrates the Trump Administration’s commitment to supporting our nation’s ports and maritime industry,” said Maritime Administrator Mark H. Buzby. “These grants will help our nation’s economy and ensure that America’s ports can continue to operate effectively in the competitive global marketplace.”
The full list of grant recipients is below:
Marine Terminal Freight Dock & Corridor Improvements (awarded $19,779,425)