U.S Government Gives $653 Million In Funding To Upgrade 41 Ports Across The Country

The PIDP in Washington granted over $653 million in financing for the building of port facilities around the United States.

As per the US Maritime Administration (abbreviated MARAD), 41 port development projects will receive funding this year, including sea and Great Lakes ports, as well as interior and river port projects.

According to MARAD, the PIDP remains a crucial component of President Biden’s Investing in America strategy, which aims to enhance the transportation of commodities across the US given the major bottlenecks seen during and soon following the COVID outbreak.

According to MARAD, the traffic bottlenecks contributed to the inflationary pressures felt in the US economy, as customers paid more for transportation and waited longer for their goods.

Ann Phillips, the maritime administrator, said that by funding the port infrastructure development, the administration of Joe Biden and Joe Harris is making sure that goods proceed reliably and in larger quantities, bolstering the resilience of supply chains across every form of transportation, and tackling the adverse effects of shipping operations on public health and the natural environment that have harmed communities who reside near ports.

Long Beach’s $52.6 million upgrade to the Dominguez Channel Bridge will add a third track; relocate and advance Pier B Street, on-dock roadways, and related utilities; and reorganize Pico Avenue, including substituting and moving ageing utilities in the area.

Another $50 million will build the Edgemoor Container Terminal on the Delaware River, south of Philadelphia, including some all-electric operations, a modern truck gate, and a 9,300 square metre warehouse space.

In Baltimore, an assignment to develop an offshore wind manufacturing hub is expected to receive about $47.3 million. It will include a roro and crane pads with structures supporting the offshore wind components.

Offshore wind logistics is also going to be funded at Norfolk in Virginia, with $39.26 million in support of heavy lift projects as well as offshore cabling.

In Washington, the PIDP will offer about $54.23 million for the reconfiguration of the Husky Terminal yard to enhance truck efficiency, and the port is going to install 40 reefer points.

A variety of smaller assignments were chosen, with MARAD stating that the assignment selection had been based on the plan’s enhancement of safety, reliability, or efficiency in moving the freight and enhancing port resilience.

The Other elements taken into account during the assignment evaluation procedure e encompassed the amount of non-federal funding any applicant who is committed to the assignment, how well the initiative contributed to economic vitality and workforce development, addressing climate change, sustainability, and advanced equity, and Biden’s Justice40 Initiative, per MARAD.

Reference- SeaTrade, AP News

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Source: Maritime Shipping News