On February 22, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced nearly $450 million in newly available grant funding for port-related infrastructure projects through the Port Infrastructure Development Program (PIDP).
This announcement represents a historic level of funding for this program that awards competitive grants to projects that improve the safety, efficiency, or reliability of the movement of goods into, out of, around, or within a port. The Infrastructure Investment and Jobs Act significantly increased the funding levels for this program, as it has awarded no more than $293M per year since its conception in 2019. Past project awards include rail enhancements, container capacity and terminal expansion infrastructure, site development, and more. Eligible entities have until May 16 to apply.
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