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U.S. Department of Transportation launches Port Infrastructure Development Program
Investors - JUNE 14, 2019

U.S. Department of Transportation launches Port Infrastructure Development Program

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The U.S. Department of Transportation has announced a notice of funding opportunity to apply for $292.7 million in discretionary grant funding through the new Port Infrastructure Development Program.

The program aims to support public coastal ports by improving the safety, efficiency and reliability of goods movement into, out of, or within a port.

“This major investment in the Port Infrastructure Development Program will help strengthen, modernize, and improve our country’s maritime systems and gateway ports,” said Elaine Chao, U.S. Secretary of Transportation.

Investments in port transportation infrastructure will be awarded on a competitive basis for projects located either within the boundary of a coastal seaport, or outside the boundary of a coastal seaport, and directly relate to port operations or to an intermodal connection to a port.

The Department of Transportation will evaluate projects using criteria that include leveraging federal funds, project costs and benefits, project outcomes, project readiness, and domestic preference. The department also will consider geographic diversity when selecting grant recipients.

The Consolidated Appropriations Act of 2019 made available $292.7 million for the Port Infrastructure Development Program, including $92.7 million for the 15 coastal seaports that handled the greatest number of loaded foreign and domestic twenty-foot equivalent units of containerized cargo in 2016, as identified by the U.S. Army Corps of Engineers.

The minimum award size is $10 million, with a federal cost share not to exceed 80 percent.

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