News Release
FOR RELEASE - June 30, 2023
Contact: Shawn Balcomb, sbalcomb@aapa-ports.org
American Association of Port Authorities
Phone: (202) 792-4033
www.aapa-ports.org
Washington, D.C. — Ports received nearly $40 million in federal dollars from the US Department of Transportation (USDOT) in the FY2023 round of funding from the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program. These grants, totaling more than $2.2 billion for this fiscal year, aim to invest in infrastructure that promotes safety, equity, and strong critical supply chains.
"Investing in America's seaports is critical because estimates show their long-term return on investment is significant, bringing in $2 or as much as $3 for every single dollar spent," stated Chris Connor, AAPA President and CEO. "That's why, on behalf of our industry, I sincerely thank Congress, Secretary Buttigieg, and the staff at USDOT, with whom we work closely, for these much-needed RAISE grants benefitting not only our ports, but also the intermodal assets including bridges, roads, and railways that serve ports."
PortMiami received $5 million to complete portions of a critical Master Plan to continue its Net Zero Program. The plan aims for the port to achieve carbon neutrality, construct two inland cargo centers, and reduce fossil fuel use.
Additionally, the Puerto Rico Port Authority will receive $3 million to fund a feasibility study and other preparatory initiatives related for the improvement of Avenue C, a critical roadway link and the only connection to the Port's eastern wharves. This design will improve the efficiency of cargo operations and environmental impacts.
This year's awards are split equally between rural and urban areas and almost three-quarters of the grants were awarded to projects in impoverished or historically disadvantaged areas.
About AAPA
The American Association of Port Authorities (AAPA) is the unified voice of port leaders and maritime industry partners across the Western Hemisphere who serve a vital role in job-creation, international competitiveness and economic prosperity. Connecting small business owners, retailers and manufacturers to the global marketplace, AAPA member organizations sustain 31 million jobs and 26 percent of the U.S. economy, and advocate for national policies and infrastructure investments in support of a resilient global supply chain and a positive impact on the way people live, work, travel and engage in commerce. Visit www.aapa-ports.org or on Twitter @PortsUnited.
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