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US Ports to Receive $580 Million in Federal Grants for Infrastructure Upgrades

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US Ports to Receive $580 Million in Federal Grants for Infrastructure Upgrades

by Geraldine S.
11/18/2024
in Industry

The US Department of Transportation’s Maritime Administration (MARAD) has announced nearly $580 million in grants to enhance port infrastructure across the nation. The funding will support 31 projects across 15 states and one US territory, aiming to improve capacity and efficiency at seaports, Great Lakes ports, and inland river ports.

Among the largest allocations, the Port of San Juan in Puerto Rico will receive $53.5 million for wharves reconstruction, while Port Everglades in Florida will gain $53.3 million for an emissions reduction project. The Don Young Port of Alaska is set to receive $50 million for a new general-purpose cargo terminal, and the Port of Oakland in California has been awarded $49.5 million to modernize its Outer Harbor Terminal.

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The grants are part of MARAD’s Port Infrastructure Development Program (PIDP), which was bolstered by $2.25 billion in funding through the Bipartisan Infrastructure Law. In November 2023, over $653 million was allocated to 41 projects under the program.

The initiative aims to strengthen supply chain reliability, enhance freight efficiency, reduce emissions, improve port safety and resilience, and create workforce development opportunities. “America’s ports are essential to our nation’s supply chains,” said US Secretary of Transportation Pete Buttigieg, highlighting the transformative impact of ongoing investments in port modernization and efficiency.

Get the newest supply chain report news updates at The Supply Chain Report. Interested in international trade? Check out ADAMftd.com for free tools.

#PortInfrastructure #SupplyChainNews #FreightEfficiency #SustainablePorts #EconomicDevelopment

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