Department of Transportation (DOT) officials said the agency, via its Maritime Administration (MARAD), has awarded more than $280 million in discretionary grant funding through the new Port Infrastructure Development Program.
The funding allotment for 15 projects would improve port facilities at or near coastal seaports. The effort supports ports and industry stakeholders in improving facility and freight infrastructure to ensure freight transportation needs, present and future, are met.
The program provides capital financing and project management assistance to improve port capacity and efficiency.
“Ports are gateways to the world and port infrastructure investments will improve the regional economy, increase productivity and economic competitiveness, and create more jobs,” Transportation Secretary Elaine L. Chao said.
The nation relies heavily on maritime services and infrastructure. Ports are an unsung economic boon, directly and indirectly providing countless jobs.
Improving the facilities benefits the economy and increases the capacity and efficiency of transportation and supply networks nationwide, DOT officials said.
“We are very excited to have the opportunity to work more directly with America’s ports to enhance their facilities,” Maritime Administrator Mark H. Buzby said. “The grants awarded will ensure that these facilities are operating at their highest, most productive capacities.”