US Government details major port investment

United States fifty dollar bill with the United States Capitol building close up

The US Department of Transportation’s Maritime Administration (MARAD) has awarded more than $280 million in discretionary grant funding to improve the infrastructure of the nation’s ports.

In a statement, US Transportation Secretary Elaine L. Chao ports are “gateways to the world and port infrastructure investments will improve the regional economy, increase productivity and economic competitiveness”.

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The funding has been made available through the Port Infrastructure Development Program, which supports efforts by ports and industry stakeholders to improve facility and freight infrastructure.

In total, 15 projects were granted funding by MARAD, six of which are located in ‘Opportunity Zones’, areas specifically meant to revitalise deprived communities using private investment.

The largest investment went to the Port of Miami, which received $43 million for improvements to cargo yard resiliency and new cold chain processing facility.

The Port of Savannah was in second place with $34.6 million, which MARAD invested for the realignment of its easternmost berth so that it can receive 14,000 TEU vessels.

The others were the Ports of Alaska, Long Beach, Los Angeles, Cape Canaveral, South Louisiana, Duluth, Gulfport, Toledo, Corpus Christi, Houston and Milwaukee.

“We are very excited to have the opportunity to work more directly with America’s ports to enhance their facilities,” said Maritime Administrator Mark H. Buzby. 

“The grants awarded will ensure that these facilities are operating at their highest, most productive capacities.”

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