“Ports are gateways to the world and port infrastructure investments will improve the regional economy, increase productivity and economic competitiveness, and create more jobs,” Chao said.
Port Houston will receive more than $21.8 million to develop 1,000 linear feet of green space site into a wharf at the Bayport Terminal at Port Houston. This development includes installation of crane rail to facilitate the ability of existing cranes to operate on the newly developed wharf space. This project will enable the terminal to handle 2.4 million Twenty-Foot Equivalent Unit container ships annually.
The Port of Corpus Christi will receive $17.6 million to fund Phase 1 of their plan to refurbish docks at the Avery Point terminal that is used by a number of the port’s customers to transload petroleum products. The project will double the capacity of Oil Dock 3, enabling the port to meet the demand for berth space to support exports of refined petroleum products. This project is located in an Opportunity Zone.
The Port Infrastructure Development Program supports efforts by ports and industry stakeholders to improve facility and freight infrastructure to ensure the nation’s freight transportation needs, present and future, are met. The program provides capital financing and project management assistance to improve port capacity and efficiency. Of the 15 projects that were awarded grants nationwide, six are located in Opportunity Zones, which were created to revitalize economically distressed communities using private investments.
| Your local Iowa Mold Tooling Co Inc dealer |
|---|
| Nichols Fleet Equipment |
