The US Maritime Administration will oversee the $703m in funding, which will be split across 41 infrastructure and sustainability projects aimed at increasing the US' supply chain resilience and improving its port infrastructure.
The record levels of funding come as the US Secretary of Transportation, Pete Buttigieg, pledged to improve the port infrastructure in order to strengthen supply chains which in turn would help "cut costs for American families" and reduce climate impacts of port operations.
The investment will come from various sources including The Port Infrastructure Development Program (PIDP), which will release $450m through the Bipartisan Infrastructure Law, $234m from the Consolidated Appropriations Act and around $19m which remains from 2021’s fund.
The nationwide project will span US supply chain hubs including the Jaxport Express development in Jacksonville, Long Beach, Oakland and Louisiana.
The Jaxport Express Development has been awarded a $23.5m grant by the US Department of Transportation's Maritime Administration, with the aim to spend the funding on emissions reduction and sustainability initiatives such as electrified refrigerator container stacks, hybrid rubber-tyred gantry cranes, electric forklift trucks, fast-charging EV points and tier-4 diesel reachstackers.
These improvements will contribute towards Jaxport’s transition to net zero.
$30.1m has been granted to the port of Long Beach to enable the electrification of handling equipment and improving its charging capabilities. The money will also be used to purchase 60 electric tractors.
The port of Oakland has been handed a budget of over $36.5m to increase its off-dock storage capacity.
Louisiana will be awarded $10m in order to complete its Western Dock Expansion project.
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