Port Freeport Secures $11 Million MARAD Grant for Velasco Terminal Upgrades
Port Freeport in Texas has been awarded an $11 million grant from the US Department of Transportation's Maritime Administration (MARAD). This funding, part of the Port Infrastructure Development Program (PIDP), is designated for significant infrastructure enhancements at the…
Port Freeport, located in Texas, has been granted $11 million by the US Department of Transportation's Maritime Administration (MARAD). This financial award is specifically allocated for critical infrastructure improvements at the port's Velasco Terminal.
The grant is part of MARAD's broader Port Infrastructure Development Program (PIDP), a federal initiative designed to support and modernize port facilities across the United States. The primary objective for Port Freeport is to utilize these funds to significantly enhance its cargo handling capabilities and overall operational efficiency at the Velasco Terminal.