US to Inject USD 292 Mn into Its Ports

US portsIllustration; Source: Pixabay under CC0 Creative Commons license

The United States has decided to invest USD 292.7 million through the new Port Infrastructure Development Program with the aim of developing the country’s ports.

According to the U.S. Department of Transportation (DOT), the new program aims to support public coastal ports by improving the safety, efficiency, or 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,” Elaine L. Chao, U.S. Transportation Secretary, said.

Investments in port transportation infrastructure would 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 USD 292.7 million funding includes USD 92.7 million to be invested in 15 coastal seaports that handled the greatest number of loaded foreign and domestic TEUs in 2016.

The deadline to submit an application for the Port Infrastructure Development Program is September 22, 2019.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >