Freight News, Sea

Toledo Port Authority Receives $16 million Port Infrastructure Development Grant from MARAD

[ February 28, 2020   //   Gary G Burrows ]

The Toledo-Lucas County Port Authority received a $16 million grant awarded through the US States Maritime Administration (MARAD) Infrastructure Development Grant Program. These grant funds will allow the Port Authority to reconstruct and upgrade the dockwall at the Port of Toledo’s General Cargo Dock, operated by Midwest Terminals, and will also be used to construct a liquid transloading facility at the site.
“This grant will allow us to continue to improve and modernize a valuable asset in Northwest Ohio,” said Thomas J. Winston, President and CEO of the Toledo-Lucas County Port Authority. “Our existing dockwall has served us well since the late 1950s; however, it has exceeded its useful life and is deteriorating. These funds will allow us to address this critical component of our seaport’s infrastructure positioning the facility to serve vessels from around the world for decades to come. The grant funds will also allow us to pursue new business related to the transfer of liquids between transportation modes at the seaport.”
An additional $4 million local match will be added to the $16 million grant to fund both components of the $20 million project, which are part of a ten-year master plan to upgrade current connections from multi-modal to an integrated intermodal port transportation network.

Tags: Toledo Port Authority