WASHINGTON - The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the Oct. 8 launch of a new Marine Highway module of the Port Planning & Investment Toolkit (Toolkit), which helps American ports plan, evaluate, and finance freight transportation projects. The Toolkit, produced as part of a cooperative agreement between MARAD and the American Association of Port Authorities (AAPA), helps guide ports toward fruitful investments. The goal of the Port Planning & Investment Toolkit is to provide ports with common frameworks and examples of best practices. The tools and guidance contained are designed to aid ports in developing “investment-grade” project plans and obtaining capital for their projects, including: Assisting metropolitan and regional planning organizations and state agencies in qualifying for formula funding or aid; better positioning marine highway projects for federal aid; and assisting ports in obtaining private sector investments. The Toolkit focuses on investments in Marine Highways, which may help reduce traffic congestion and related pollution by moving cargoes off crowded highways and onto to the nation’s navigable waterways. The toolkit module will be updated periodically as new regulations and policies are developed. (Source: Seapower Magazine 10/08/20) https://seapowermagazine.org/marad-launches-new-marine-highway-module-of-port-planning-investment-toolkit/
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