MARAD: $5 Mln Available for Marine Highway Projects
The Maritime Administration (MARAD) has announced the availability of $5 million in Federal funding to expand marine highway service by creating new or expanding existing services along designated Marine Highway Routes.
A Marine Highway Project is a planned service, or expansion of an existing service, on a designated Marine Highway Route, that provides new modal choices to shippers of cargo, reduces transportation costs and provides public benefits including reduced air emissions, reduced road maintenance costs and improved safety and resiliency, MARAD said.
Eligible applicants must be sponsors of Marine Highway Projects formally designated by the Secretary of Transportation.
