The U.S. Division of Transportation’s Maritime Administration is encouraging states and port authorities to use for $230 million in discretionary grant funding for port and intermodal infrastructure-related initiatives by the Port Infrastructure Improvement Program (PIDP).
“Our nation’s ports are a key a part of our vital infrastructure. They create jobs and make our economic system extra resilient and sustainable,” stated U.S. Secretary of Transportation Pete Buttigieg. “This funding will construct upon native investments in infrastructure to ship long-term financial advantages to American staff and communities, whereas additionally addressing local weather and fairness.”
Secretary Buttigieg introduced this funding at a White Home occasion targeted on the event of offshore wind power packages. Over the previous two years, 12 p.c of Port Infrastructure Improvement Program grant candidates included the anticipated growth of wind power services and the motion of wind power parts as a part of their mission proposals. This yr’s grant funding will bolster these efforts.
The Port Infrastructure Improvement Program helps the environment friendly motion of commerce upon which our economic system depends. The grants are awarded on a aggressive foundation to help initiatives that strengthen and modernize port infrastructure and help the Nation’s long-term financial vitality. In line with the priorities of the Biden-Harris Administration, the Division’s overview course of can even think about how proposed initiatives tackle local weather change and environmental justice impacts and advance racial fairness, scale back obstacles to alternative, and meet challenges confronted by rural areas.
“State and native authorities are working to place ports to make the most of a clear power economic system,” stated Appearing Maritime Administrator Lucinda Lessley. “These infrastructure grants will proceed to bolster their efforts whereas creating jobs in these communities and the U.S. maritime business as an entire.”
Earlier grants have supported initiatives resembling infrastructure resiliency and shore-side enhancements to facilitate wind power initiatives.
The Consolidated Appropriations Act 2021, made $230 million obtainable for the Port Infrastructure Improvement Program, with $205 million reserved for grants to coastal seaports and Nice Lakes ports. The minimal award measurement is $1 million, with a Federal cost-share to not exceed eighty p.c. The Federal value share will be increased for sure classes of initiatives.