Financing

AAPA was awarded a $5.89 million grant and is among 28 U.S. entities to receive money to administer nearly $100 million over a four-year period through the “Apprenticeship: Closing the Skills Gap: US DOL Apprenticeship Grants.”

Crafting the right project scope – whether seeking a bid or request for proposal – requires caution and an ability to learn from past mistakes.

Ports seek diverse financing opportunities while employing technology for efficiency and transparency.

Capital investment in port infrastructure is essential, but to ensure long-term financial sustainability it is also important to consider cost-effective financing of strategic infrastructure, resiliency planning and revenue enhancing projects. * By Christine Choi, Director, PFM Financial Advisors LLC * Capital investment in port infrastructure is essential to improve efficiency, remain competitive, and attract business. Container shipping industry consolidation has ...

The importance of federal investment in our nation’s infrastructure has been forgotten by many. That is why one of my highest priorities this Congress is to pass legislation to permanently unlock the Harbor Maintenance Trust Fund.

AAPA estimates that, without sufficient investment from federal sources, the nation risks the loss of $4 trillion in potential GDP loss and $575 billion in cost to American businesses and households by 2025. By Sarah B. Hood—  Last January 10, Port of Cleveland President and CEO William Friedman spoke on behalf of AAPA before the U.S. Senate Committee on Environment ...

Find out about your local seafarers’ welfare organization and see what you might be able to bring to the table. By Jason Zuidema, North American Maritime Ministry Association— In ports around North America, more than 70,000 Christmas gifts were given this past Christmas. A warm hat and gloves, some toiletries, perhaps a bit of chocolate – a small gift to ...

Diversification in funding sources and income avenues is helping ports achieve more financial stability and security, as well as boosting the bottom line. By Sandy Smith When Hurricane Katrina – and a 24-foot storm surge – destroyed the Port of Gulfport in 2005, the port had a choice: rebuild the port back to its original layout, or take this as ...

By Candace Gibson FOLLOWING UP ON THE FUNDING TRAIL There are many reasons a port seeks funding for improvement projects. Perhaps its highway arteries are clogged, its warehouses are in need of repair, or its space is maxed out – and tenants want more. Everyday use and time take a toll on a port, and while there are budgets for ...

Turning on the Funding Tap By Lori Musser The need has been established for a new port facility. The site is available, architectural and engineering plans are in the works, permitting and regulations are being addressed. And a dearth of dollars might squash the entire project before a shovel hits the ground. Or, a thoughtfully assembled package of public and/or ...