U.S. Department of Transportation Awards $450 Million in Grant Funding for Port-Related Projects
On Wednesday, February 23, 2022, the U.S. Transportation Department awarded $450 million in grants for port-related projects to bolster capacity and improve the movement of goods as the U.S. economy continues to be affected by congested supply chains. Applicants must show that their projects would improve the movement of goods through ports and comply with Biden administration goals on issues such as climate change, racial and gender equity and policies to promote building and buying domestically. Applications are due May 16th, with awards expected to be announced in the fall. This is the largest ever investment in the Port Infrastructure Development Program, nearly double last year’s investment. Currently, $100 billion in awards from the Bipartisan Infrastructure Law has been announced with about $50 billion distributed through a program for states to deploy themselves.