U.S. DOT Grant $10M for Duluth Intermodal Project

MarineLink.com
Thursday, September 05, 2013

The U.S. Department of Transportation (DOT) today announced a $10 million TIGER grant for the Duluth Intermodal project, one of 52 transportation projects in 37 states that will receive a total of approximately $474 million from DOT’s Transportation Investment Generating Economic Recovery (TIGER) 2013 discretionary grant program. Acting Maritime Administrator Paul “Chip” Jaenichen visited the Port of Duluth-Superior today to tour the project site and meet with local officials for the TIGER announcement.

“These TIGER projects are the best argument you can make for investment in our transportation infrastructure,” said U.S. Transportation Secretary Anthony Foxx. “Together, they answer President Obama’s call for a stronger transportation system for future generations by repairing existing roads and bridges, connecting people to new jobs and opportunities, and contributing to our nation’s economic growth.”

The TIGER funds will be used to rehabilitate, rebuild and expand a 28-acre general cargo dock at the Port of Duluth-Superior, connecting water, road, and rail infrastructure to increase freight capacity and efficiency. The Duluth Intermodal project will improve freight mobility by refurbishing a dock that is not structurally sound in order to support heavy cargo moved through the Great Lakes. The funding provided today demonstrates the Obama Administration’s commitment to increasing and improving the movement of freight, reducing costs, and increasing economic competitiveness in the Great Lakes region.

“This federal investment in local infrastructure is a win-win for the port and the entire Great Lakes region," said Acting Administrator Jaenichen. “By improving and, more importantly, increasing freight flows and intermodal reliability in the region, this project will produce value for generations, connecting this region, its industry, and its people to new jobs and opportunities as we continue the economic revitalization that keeps the U.S. competitive in world markets.”

The highly competitive TIGER program offers one of the only federal funding possibilities for large, multi-modal projects that often are not suitable for other federal funding sources. These federal funds leverage money from private sector partners, states, local governments, metropolitan planning organizations and transit agencies. The 2013 TIGER round alone supports $1.8 billion in overall project investments.

TIGER has enjoyed overwhelming demand since its creation, a trend continued by TIGER 2013. Applications for this most recent round of grants totaled more than $9 billion, far exceeding the $474 million set aside for the program. In all, the Department received 585 applications from all 50 states, the District of Columbia, Puerto Rico and Guam.

The projects funded through this round of TIGER illustrate the President’s goals of creating “Ladders of Opportunity” that connect people to jobs, repairing and replacing aging infrastructure with a “Fix it First” approach and contributing to America’s economic growth. This award will be used to build out a fully functional intermodal facility that will provide regional industry greater import and export capacity, expanding their access to more markets.

On March 26, 2013, the President signed the FY 2013 Appropriations Act, which after sequestration provided approximately $474 million for Department of Transportation national infrastructure investments. Like the first four rounds, TIGER 2013 grants are for capital investments in infrastructure and are awarded on a competitive basis based on the published selection criteria. This is the fifth round of TIGER funding.

Under all five rounds combined, the TIGER program has provided more than $3.6 billion to 270 projects in all 50 states, the District of Columbia and Puerto Rico. Demand for the program outweighed available funds, and during all five rounds, the Department of Transportation received more than 5,200 applications requesting more than $114.2 billion for transportation projects across the country.

dot.gov/tiger
 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Petroecuador Tenders to Buy High Octane Naphtha

State-run Petroecuador has launched two tenders to buy a total of 22 cargoes, 240,000 barrels each, of high octane naphtha RON 87 and 93 for delivery starting on May 21-23,

DP World in Talks With Banks for $3b Loan

Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and reduce the interest rate,

Hong Kong Receive BMT Maritime Strategic Study

BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, says it has completed a major strategic study - “Enhancing Hong Kong’s Position as an International Maritime Centre (IMC)”,

Finance

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

Offshore O&G: Cuts, Delays in Norway as Costs Soar

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,

News

U S closer to imposing more sanctions on Russia

U.S. Secretary of State John Kerry suggested on Thursday that the United States is drawing closer to imposing more sanctions onRussia by saying time was running

Coast Guard groundbreaking ceremony recogizes new support facility

Representatives from the 14th Coast Guard District, Coast Guard Base Honolulu and Mortenson Federal Contracting Group participated in a groundbreaking ceremony

Gasoline Prices Up In Iran on Subsidies Cut

Gasoline prices in Iran leapt by up to 75 percent at midnight on Thursday, as state subsidies were cut, a risky move that President Hassan Rouhani hopes will

Government Update

Reps. Byrne and Palazzo Visit Ingalls Shipbuilding

Reps. Bradley Byrne, R-Ala., and Steven Palazzo, R-Miss., visited Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division Wednesday. The congressmen,

Offshore O&G: Cuts, Delays in Norway as Costs Soar

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,

Court: Japan's Mitsui Paid to Release Ship

China Supreme Court says Mitsui pays about $29 mln; Ship released about 0030 GMT Thursday. Ship was seized over dispute dating back to 1930s. Advisor to plaintiffs says will likely demand more money.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Repair 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: 0.1844 sec (5 req/sec)