Join our crew and become one of the 106,858 members that receive our newsletter.

Secretary Pete Buttigieg tours the Port of Alaska, August 15, 2023

U.S. Transportation Secretary Pete Buttigieg tours the Port of Alaska in Anchorage, Alaska, August 15, 2023. Photo: Twitter/SecretaryPete

MARAD Announces $4.8 Million in Funding for Marine Highways

Mike Schuler
Total Views: 1331
May 24, 2024

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.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up


Maritime and offshore news trusted by our 106,858 members delivered daily straight to your inbox.

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.