US transportation secretary announces over $241 mn in grants for ports

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US transportation secretary Pete Buttigieg recently announced the award of more than $241 million in discretionary grant funding for 25 projects to improve port facilities in 19 states and one territory through the Maritime Administration’s (MARAD) Port Infrastructure Development Programme (PIDP).

The grants will strengthen US supply chains to meet demand resulting from the rapid economic recovery over the past year and help address inflationary pressures, an official release said.

“These investments in our nation’s ports will help support American jobs, efficient and resilient operations, and faster delivery of goods to the American people,” Buttigieg said.

US transportation secretary Pete Buttigieg has announced the award of more than $241 million in discretionary grant funding for 25 projects to improve port facilities in 19 states and one territory through the Maritime Administration’s Port Infrastructure Development Programme, which is in its third year and has already awarded $492 million for 32 projects.

PIDP is in its third year and has already awarded $492 million for 32 projects of regional and national economic significance within its first two years.

The programme supports efforts by ports and industry stakeholders to improve facility and freight infrastructure to ensure the nation’s freight transportation needs, present and future, are met. It provides planning and capital financing and project management assistance to improve ports’ capacity and efficiency.

The projects that were awarded grants include coastal seaports, Great Lakes ports and inland river ports.

Fibre2Fashion News Desk (DS)





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