Department of Transportation Announces Port Infrastructure Funding Opportunity

The U.S. Department of Transportation’s (DOT) Maritime Administration announced a notice of funding opportunity for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program.

A total of $230 million in grant funding is available, with $205 million reserved for grants to coastal seaports and Great Lakes ports.

The minimum award size is $1 million.

Generally, the federal cost-share does not exceed 80%, though it may be higher for certain categories of projects.

Grants are awarded on a competitive basis for projects that strengthen and modernize port infrastructure and support the nation’s long-term economic vitality.

DOT will host a series of webinars to provide technical assistance during the grant application process.

The deadline to submit an application is July 30, 2021, and more information can be found here.

This article comes from U.S. Department of Agriculture's April 8, 2021, Grain Transportation Report.

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