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Home›Dredging›Strengthening American supply chains with $653M ports investment
Dredging

November 3, 2023 · about 2 years ago

Strengthening American supply chains with $653M ports investment

The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced over $653 million to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (PIDP). As part of President Biden’s Investing in America agenda, this funding will help

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Strengthening American supply chains with $653M ports investment

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The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced over $653 million to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (PIDP).

As part of President Biden’s Investing in America agenda, this funding will help grow capacity and increase efficiency at coastal seaports, Great Lakes ports and inland river ports.

The port improvement projects announced today will strengthen supply chain reliability, create workforce development opportunities, speed up the movement of goods, and improve the safety, reliability and resilience of ports.

These investments are part of the largest dedicated funding for ports and waterways in history – nearly $17 billion through the President’s Bipartisan Infrastructure Law.

“Everything from the food we eat to the cars we drive to the lumber and steel used to build our homes passes through America’s ports, making them some of the most critical links in our nation’s supply chain,” said U.S. Secretary of Transportation Pete Buttigieg.

“These investments will help expand capacity and speed up the movement of goods through our ports, contributing to cleaner air and more good-paying jobs as we go.”

Some of elect grants include:

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