The United States Maritime Administration (MARAD), an agency of the US Department of Transportation, has allocated over $241m in discretionary grant funding for 25 projects to enhance port facilities in 19 states and one territory.
This grant is being awarded through MARAD’s Port Infrastructure Development Programme (PIDP).
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The funding is expected to fortify the country’s supply chains as well as address inflationary pressures.
At present, PIDP has reached its third year and already granted $492m for 32 projects during its initial two years.
This programme enables ports and industry stakeholders to enhance facility and freight infrastructure for meeting the country’s freight transportation requirements.
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Besides, it offers planning, operational, and capital financing, along with project management assistance for increasing the capacity and efficiency of the ports.
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By GlobalDataThe projects that have secured the financial aid cover coastal seaports, Great Lakes ports, and inland river ports.
In a statement, US Department of Transportation said: “By announcing these grant awards now, the Department is making good on a promise in the Biden-Harris Port Action Plan that will take actions to address supply chain disruptions by helping to increase Federal flexibilities for port grants; accelerate port infrastructure grant awards; initiate new construction projects for coastal navigation, inland waterways, and land ports of entry; and launch the first round of expanded port infrastructure grants funded through the Bipartisan Infrastructure Law.”
Bayport Container Terminal Expansion project in Texas has secured $18m, which will be used to expand the capacity to 2.3 million TEUs.
Colonel’s Island Berth project in Georgia has been awarded $14m.
Under this project, a fourth roll-on/roll-off (Ro-Ro) vessel berth will be established at the Port of Brunswick’s Colonel’s Island Terminal.
Louisiana-based Port Resiliency Improvements project has won $2m.
This project encompasses a dock restoration project, along with the development of an industrial fabrication centre at the port.
Furthermore, Improving Vessel Access for Sustained Viability project in Michigan and Off-Dock Container Support Facility project in Washington have secured the financial aid from MARAD.
Earlier this month, MARAD granted $12.6m to nine marine highway projects across the country.
