Another Round of Ferry Grants

Monday, June 01, 2009

The Passenger Vessel Association reminded its members that applications for Federal Ferry Boat Discretionary Grants are being accepted through Friday, June 12.  This competitive solicitation is different than an earlier one involving funds contained in the Economic Stimulus Act.

This second pot of funding was contained in the Omnibus Appropriations Act for fiscal 2009.  That law provides $67m for these grants, but a significant portion of the money is set aside or earmarked for specific recipients.  Nevertheless, slightly more than $19m will be awarded on a competitive basis.

Federal Ferry Boat Discretionary Grants can be used for capital costs only (not for operating expenses).  Eligible projects include construction of ferry boats, ferry terminals and shoreside facilities, and maintenance structures.  The law requires a non-federal match of at least 20 percent. 

Eligible ferries must be publicly owned or publicly operated or majority publicly owned that provide substantial public benefits.  This provides an opportunity for a private company to be involved in an application if it has a partnership with a public entity.

Completed applications must reach the Federal Highway Administration Headquarters by June 12, 2009, but first they must go through your State Department of Transportation, followed by submittal to the appropriate division office of the Federal Highway Administration.  Therefore, an applicant must work swiftly. 

If a proposal submitted previously for the Economic Stimulus round of grants is not selected under that solicitation, the appropriate State will be notified and asked if it wishes to update the application and apply under this fiscal year 2009 solicitation.  Thus, there is no need to submit for a second time a proposal that was previously submitted for the Economic Stimulus round competition.

For more detailed information about this solicitation, including the application format, go to the special web page of the Federal Highway Administration (www.fhwa.dot.gov/discretionary/fbdsol.cfm).

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

CMA CGM Intends Offer to Acquire NOL

Following the satisfaction and waiver (as the case may be) of the conditions set forth in the pre-conditional offer announcement dated 7 December 2015, CMA CGM S.

Oman Shipping Makes Profit

Oman Shipping Company (OSC) reported a $180 million profit in 2015. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC has been quoted by  Oman News

Korean Shipbuilder Could Be Liquidated

South Korea's STX Offshore & Shipbuilding Co. has filed for receivership, following massive losses that have mounted up over the past two years, says a report in the WSJ.

 
 
Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0586 sec (17 req/sec)