Source: United States Senator for Ohio Rob Portman
Funding Made Available through Portman’s Bipartisan Infrastructure Investment and Jobs Act
February 24, 2022 | Press Releases
WASHINGTON, D.C. – U.S. Senator Rob Portman (R-OH) applauded the U.S. Department of Transportation’s Maritime Administration (MARAD) announcement that they have made $450 million available in discretionary grant funding through the Port Infrastructure Development Program (PIDP) for fiscal year (FY) 2022. The PIDP is the principal source of federal funding for infrastructure improvements at our nation’s ports. Thanks to Portman’s bipartisan Infrastructure Investment and Jobs Act (IIJA), funding for the PIDP is nearly double its funding level for FY2021.
“Thanks to the bipartisan infrastructure law, ports in Ohio and around the country will have access to more resources to strengthen their operations. This investment will help support the movement of goods to Americans, while at the same time, helping export our American-made products to consumers around the world,” said Portman. “At a time when our supply chains are severely congested and the price of goods rising as a result, this additional funding to improve our ports is more critical than ever.”
The IIJA provides a total of $2.25 billion over five years for the PIDP. This competitive grant program is the main source of federal funding for port infrastructure needs. It provides funding for planning, operational and capital financing, and project management assistance to improve port capacity and financing for ports all around the country. Funds will be awarded on a competitive basis to projects for coastal seaports, inland river ports, and Great Lakes ports. Grant applications are due by May 16, 2022.
More information on the PIDP and how to apply for this competitive funding can be found here.
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