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US MARAD to fund $662 million for its Port infrastructure projects in 2023

US MARAD to fund $662 million for its Port infrastructure projects in 2023

Posted on February 17, 2023   |  

In 2023, the U.S. Department of Transportation’s Maritime Administration (MARAD) declared the availability of over $662 million in funding for MARAD’s Port Infrastructure Development Program (PIDP).

The investment will modernize the nation’s ports and strengthen supply chains for generations to come, helping to reduce shipping time, costs, and the costs of goods for the American people.

MARAD’s Port Infrastructure Development Program provides discretionary grants to eligible applicants for critical port and port-related infrastructure projects.

Applicants can include port authorities, states, local governments, indigenous Tribal nations, counties, and other eligible entities.

Grants are awarded on a competitive basis to support projects that improve the safety, efficiency, or reliability of the movement of goods via ports and intermodal connections to ports. 

In 2022, the Biden Administration granted $703 million in PIDP funds to 41 projects in 22 states and one territory in which over 60% of those awards are helping ports in historically disadvantaged communities and several of the projects will reduce emissions at the ports through electrification. 



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