MARAD Announces $4.8 Million in Funding for Marine Highways

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced plans to allocate $4.8 million in Fiscal Year 2024 funds to the United States Marine Highway Program (USMHP).

The amount is significantly less than the $12 million awarded in FY 2023 and the $39 million granted in FY 2022, which included $25 million through President Biden’s Bipartisan Infrastructure Law and an additional $14.8 million via the 2022 Appropriations Act.

The USMHP is committed to projects that encourage the movement of freight on America’s navigable waterways, which offer more efficient transport than rail and road.

Since the start of the Marine Highway Program, MARAD has granted more than $103 million to eligible public and private organizations for marine highway services.

Assessment criteria for USMHP funding include the impact on movement of goods, the level of non-federal funding investment, project readiness, and considerations for climate change and sustainability, equity, and workforce development.

Subscribe for Daily Maritime Insights

Sign up for gCaptain’s newsletter and never miss an update

— trusted by our 108,986 members