Biden Administration Announces Grant Funding for Port Projects

February 15, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Transportation's Maritime Administration (MARAD) last week announced more than $660 million in grant funding for port projects through the agency's Port Infrastructure Development Program (PIDP). The program aims to modernize U.S. ports, strengthen domestic supply chains and help applicants such as port authorities "complete critical port and port-related infrastructure projects." Industrial Info is tracking $25.6 billion in active capital projects at U.S. cargo ports.