Biden-Harris: More than $703M for improving port infrastructure
The U.S. Department of Transportation today announced more than $703 million to fund 41 projects in 23 states and one territory that will improve port facilities through the Maritime Administration’s Port Infrastructure Development Program.
The funding, made possible by the Bipartisan Infrastructure Law and additional Congressional appropriations, will benefit coastal seaports, Great Lakes ports, and inland river ports, helping improve supply chain reliability through increased port capacity and resilience, more efficient operations, reduced port emissions, and new workforce opportunities.
The Port Infrastructure Development Program (PIDP) supports efforts by ports and industry stakeholders to improve port and related freight infrastructure to meet the nation’s freight transportation needs and ensure U.S. port infrastructure can meet anticipated growth in freight volumes.
The program provides planning, capital funding, and project management assistance to improve ports’ capacity and efficiency.
It also includes a statutory set-aside for small ports to continue to improve and expand their capacity to move freight reliably and efficiently, and support local and regional economies.