Shipbuilding News
by Larry Pearson
More money for the ferry industry
For the second time in less than three months, the U.S. Department of Transportation (DOT) is playing Santa Claus to the ferry industry. DOT Secretary Ray LaHood has announced more than $42 million in grants to improve ferry service and build new docks and other facilities in 15 states and Puerto Rico. This totals $110 million for the year, an amount exceeding the $100 million in small shipyard grants awarded in August with funds appropriated under the federal economic stimulus bill.
The top three awards were for $3 million each. Two of those were for new ferries in Puerto Rico and San Francisco. In addition to those three, there were seven other awards above $1 million, all involving new/renovation ferry construction or engines for existing ferries. Continue reading…For the second time in less than three months, the U.S. Department of Transportation (DOT) is playing Santa Claus to the ferry industry. DOT Secretary Ray LaHood has announced more than $42 million in grants to improve ferry service and build new docks and other facilities in 15 states and Puerto Rico. This totals $110 million for the year, an amount exceeding the $100 million in small shipyard grants awarded in August with funds appropriated under the federal economic stimulus bill.
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