Supply Chain News: U.S. Department of Transportation Announces New Grants for America's Ports
On December 23, the U.S. Transportation Secretary announced more than $241 million in discretionary grant funding for 25 projects to improve port facilities.
December 23, 2021
The U.S. Department of Transportation Secretary today 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 Program (PIDP).
These grants demonstrate rapid action on commitments in the Biden-Harris Port Action Plan, which will strengthen our supply chains to meet demand resulting from the rapid economic recovery over the past year, and help address inflationary pressures.
By announcing these grant awards now, the Department is making good on a promise in the Biden-Harris Port Action Plan that will take actions to address supply chain disruptions by helping to increase Federal flexibilities for port grants; accelerate port infrastructure grant awards; initiate new construction projects for coastal navigation, inland waterways, and land ports of entry; and launch the first round of expanded port infrastructure grants funded through the Bipartisan Infrastructure Law.
Going forward, the Bipartisan Infrastructure Law would provide $450 million annually in funding for the PIDP program for fiscal years 2022 through 2026, or a total of $2.25 billion. This is roughly the same amount of federal funding provided to ports under DOT-administered grant programs since the DOT began providing funding to ports in 2009.
Click here to read the U.S. Department of Transportation press release on these grants.