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ICYMI: Jaenichen on Current State of U.S. Maritime Industry

By MarEx 2014-12-19 11:00:35

During his keynote address, Maritime Administrator Paul "Chip" Jaenichen spoke about the current state of the U.S. Maritime Industry at the International Workboat Show in New Orleans on December 4, 2014 and Maritime TV was there to cover it. [Watch above in case you missed it!]

Additionally, on December 18, Jaenichen visited the future site of a marine cargo dock at the Port of Brownsville made possible, in part, through a $12 million Transportation Investment Generating Economic Recovery (TIGER) discretionary grant from the U.S. Department of Transportation (DOT).

The new 600-ft long marine cargo dock, the second at the port, will enable the port to significantly boost capacity and freight volume, making the facility more competitive with domestic and foreign ports in the Gulf region. The project, which is scheduled to be completed in 2015, also includes a new storage yard near the dock, which will be used to store increased cargo. According to the Port of Brownsville, the port generates $2 billion in economic activity annually for the state of Texas, and more than 11,000 direct and related jobs that impact the local and regional economy.

The Port of Brownsville added matching funds for road, lighting and other improvements, all key components in its ongoing development.

“This is a great example of transportation providing opportunity,” Administrator Jaenichen said. “Federal support for this project not only lays the foundation for long-term competiveness but also facilitates growth in exports with some our nation’s largest trading partners.”

Since 2009, the TIGER program has provided nearly $4.1 billion to more than 340 capital and planning projects in all 50 states, the District of Columbia and Puerto Rico – including approximately $500 million to 40 port projects. Demand for the program has been overwhelming, and during all six rounds, the Department of Transportation received more than 6,000 applications requesting more than $124 billion for transportation projects across the country. Congress provided the most recent funding as part of the bipartisan Consolidated Appropriations Act of 2014, signed by President Obama on January 17, 2014.