The U.S. Department of Transportation’s Maritime Administration (MARAD) has made available $500 million in federal fiscal year (FY) 2024 funding through MARAD’s Port Infrastructure Development Program (PIDP).

Investments made under the PIDP focus on modernizing the nation’s coastal and inland waterway ports, as well as strengthening its supply chains and economic security for generations to come. PIDP funds will also aid in the reduction of carriers’ shipping time, costs and ultimately the price of goods for the American people.

The Bipartisan Infrastructure Law provides $500 million annually, from FY 2022 to 2026 to fund the program.

Details are available at www.grants.gov by searching CFDA number 20.823 or opportunity number MA-PID-24-001.

The deadline for applications is 11:59 p.m. EST May 10, 2024.

For additional questions regarding PIDP grants, email: PIDPGrants@dot.gov.