US Awards More than $653 Million for Port Projects
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced over $653 million to fund 41 port improvement projects across the nation under the Port Infrastructure Development Program (PIDP).The investments—part of the largest dedicated funding for ports and waterways in history, nearly $17 billion through the President’s Bipartisan Infrastructure Law—are intended to help grow capacity and increase efficiency at coastal seaports, Great Lakes ports and inland…
More Than $127 Million Approved for Port of Los Angeles Construction
Projects Advance Modernization of the TraPac Container Terminal. The Los Angeles Board of Harbor Commissioners has approved construction contracts totaling more than $127 million for two major projects that advance modernization of the marine container terminal operated by longtime tenant, TraPac, Inc. With work due to begin in January, the projects are key elements of the Port of Los Angeles’ overall capital improvement program. The Port is investing more than $1.2 billion over five years to remain competitive in the global economy. “Redevelopment of the TraPac terminal reflects the Port’s larger commitment to retaining its global position as America’s premier seaport,” said Port of Los Angeles Executive Director Geraldine Knatz, Ph.D. Approved Nov.
Port of LA Construction Contracts Approved
Los Angeles Board of Harbor Commissioners approve $127-million construction contracts for two major projects. Both projects are part of a $365 million expansion of the marine container terminal operated by longtime tenant TraPac, Inc. due to be completed in 2016. With work due to begin in January, the projects are key elements of the Port of Los Angeles’ overall capital improvement program. The Port is investing more than $1.2 billion over five years to remain competitive in the global economy.
