FL: Record $14.1M Federal Grant to Boost Port Canaveral's Cargo Business
24 Feb, 2020
Port Canaveral has been awarded its largest-ever federal grant, and hopes to use the $14.1 million allocation to jump-start its cargo business, the publicatio Florida Today report.
Port Canaveral Chief Executive Officer John Murray told the publication he hopes the grant from the U.S. Department of Transportation Port Infrastructure Development Program will help the port "aggressively advance the development of our cargo facilities to accommodate growth in key sectors, including construction materials and commercial space."
The grant will be used to help pay for a $37.86 million project to modernize and expand Port Canaveral’s North Cargo Berth 3. The other $23.76 million will come from the port and grants from the Florida Department of Transportation, which also awarded gthe port $14.1 million in grants for the project, Florida Today reports.
The project includes demolishing an existing pier, replacing it with an 880-foot long wharf with the channel width that's needed to accommodate larger vessels simultaneously at berth.
A $14.1 million federal grant will be used as part of a $37.86 million project to modernize and expand Port Canaveral’s North Cargo Berth 3.
(c)2003-2020 Trade & Industry Development is a publication of Due North Media - a division of Due North Consulting, Inc.
Copyright 2001-2020, Due North Consulting, Inc. -- All rights reserved.
The material on this site is protected by United States copyright and other intellectual property laws and may not be reproduced, rewritten, distributed, re-disseminated, transmitted, cached, displayed, published, broadcast, directly or indirectly, in any medium without the prior written permission of Due North Consulting, Inc.