US Maritime Administration earmarks US$450 million grant funding for port improvements
The US Department of Transportation’s Maritime Administration (MARAD) has confirmed that availability of nearly US$450 million in newly available grant funding for port-related projects through the Port Infrastructure Development Program (PIDP).
This funding is made possible by President Joe Biden’s Bipartisan Infrastructure Law and is nearly double last year’s investment in PIDP for states and port authorities.
The Bipartisan Infrastructure Law will invest US$17 billion in ports and waterways.
PIDP grants are awarded on a competitive basis to support projects that will improve the movement of goods to, through, and around ports.
To provide technical assistance, the transportation department will host a series of webinars explaining the Port Infrastructure Development Program grant application process. Details and registration information regarding these webinars will be made available here.
The deadline to submit an application for the Port Infrastructure Development Program is May 16, 2022. For more information, please visit https://www.maritime.dot.gov/PIDPgrants or email [email protected].