The U.S. Maritime Administration – known as MARAD – recently issued $774 million to 37 U.S. coastal seaports, Great Lakes ports, and inland river ports to help strengthen the nation’s supply chain and improve America’s maritime system.
[Above photo by MARAD]
“U.S. ports keep our grocery store shelves stocked, our energy supply chains resilient, and our export market strong,” said Sean Duffy, secretary of the U.S. Department of Transportation, in a statement. “Investing in our ports means investing in American jobs, economic growth, and national security.”
[Editor’s note: MARAD also issued more than $13.2 million in funding to 11 marine highway projects across seven states through the U.S. Marine Highway Program in early April, alongside a $35 million investment to help revitalize America’s small shipyards and $500 million pool of grants to fund port improvements.]
“These port improvements will have generational impacts and enhance the nation’s short and long-term economic competitiveness,” added Stephen Carmel, MARAD’s administrator.
MARAD noted that this funding is coming through its Port Infrastructure Development Program, which aims to modernize America’s ports and strengthen supply chains, helping reduce time and costs for shippers, and drive down the cost of goods.
