The U.S. Department of Transportation’s Maritime Administration (MARAD) on Wednesday announced nearly $450 million in new funding for port-related projects through the Port Infrastructure Development Program (PIDP), the largest investment in the history of the program.
The grants, which can be used by ports to expand capacity and improve the movement of goods, are pulled from funding in the Infrastructure Investment and Jobs Act, the bipartisan $1 trillion infrastructure bill passed last year.
MARAD plans to host a series of webinars explaining the PIDP grant application process. The deadline to submit an application for the program is May 16, 2022. Details and registration information regarding those webinars can be found here.
