Seaport Manatee Receives USDOT Rebuilding America Grant
SeaPort Manatee in Palmetto has received a $12 million grant to expand its container yard facilities by providing additional cargo handling space and an access road, the port said in a news release Thursday.
The project will help the port maintain growth and thrive as a vital part of the US East Coast supply chain as its cargo volumes continue to increase.
It should have economic benefits at local, regional and national levels, Chairman of the Port Authority of Manatee County Reggie Bellamy said in the release.
The US Department of Transportation provided a federal investment of $11,953,492. The remaining money for the project will come from grants from the Florida Department of Transportation and revenue from SeaPort Manatee totaling $2,147,650 each.
SeaPort Manatee is now issuing a tender for the expansion project, aiming to begin construction in 2023 and be completed by 2025.
There are plans for the design and construction of 16.56 acres of additional cargo handling area, a new access road to the container yard and the installation of electrical systems for two new mobile harbor cranes which arrived at the port in april.
The next phase of port development will add to 18 acres of container yard already completed adjacent to SeaPort Manatee Piers 12 and 14, as well as 6.62 acres under construction and scheduled for completion in mid -2023. The early stages of the project have advanced with more than $18 million in federal, state and local funding.
“SeaPort Manatee is extremely grateful to USDOT and FDOT for their support of this crucial project, which is expected to provide sufficient cargo handling capacity to accommodate the seaport’s booming business through approximately 2041,” said the executive director of SeaPort Manatee, Carlos Buqueras, in the press release. .
The SeaPort Manatee project is one of 26 projects for which U.S. Secretary of Transportation Pete Buttigieg announced a total of $1.5 billion in competitive grants for Infrastructure for Rebuilding America (INFRA), describing the funds as “transformative investments”.
SeaPort Manatee is the closest U.S. deepwater port to the Panama Canal, with 10 deep-draught ports capable of servicing container, liquid and dry bulk, breakbulk, heavy haul, project and general freight customers.
The release says the Port generates more than $5.1 billion in annual economic impact while supporting more than 37,000 direct and indirect jobs, all without assistance from local property taxes.