US government announces over US$660 million available for port development

The United States Department of Transportation’s Maritime Administration (MARAD) has announced a Notice of Funding Opportunity (NOFO) making available more than US$662 million in Federal Fiscal Year (FY) 2023 funding for MARAD’s Port Infrastructure Development Program (PIDP).

The purpose of the PIDP investment is to modernise the country’s ports and help strengthen the supply chain sector in the US. The infrastructure package of the president of the US, Joe Biden, provides US$450 million annually in funding for the programme.

In addition, MARAD’s Port Infrastructure Development Program discretionary grants help eligible applicants including port authorities, states, local governments, indigenous Tribal nations, counties, and other eligible entities complete critical port and port-related infrastructure projects.

Maritime Administrator Ann Phillips, commented, “The program also includes a statutory set-aside for small ports to continue to improve and expand their capacity to move freight reliably and efficiently, support local and regional economies, and support supply chain improvement.”

Grants are awarded on a competitive basis to support projects that improve the safety, efficiency, or reliability of the movement of goods through ports and intermodal connections to ports.

MARAD will also consider how projects address climate change and sustainability, equity, and workforce development objectives.