NY Offers $101.8MM for Rail and Port Development Projects

New York (NY) has unveiled $101.8 million in funding for rail and port development projects. Applications for this financial support will remain open until April 7, 2025. This was reported by the railway transport news portal Railway Supply.

NY Supports Rail and Port Development with $101.8MM Investment

The Passenger and Freight Rail Assistance Program in NY aims to enhance infrastructure and trade. Managed by the New York State Department of Transportation, it evaluates projects based on cost-effectiveness and regional impact.

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Key evaluation criteria include improved safety, resilience to climate risks, and economic sustainability. Funded initiatives prioritize compatibility with public and private investments, ensuring long-term benefits.

Eligible Projects for NY Infrastructure Development Grants

The funding targets rail and port upgrades, including track and bridge rehabilitation. Additional eligible activities include constructing terminals, sidings, and storage facilities to improve freight handling.

Grants also support dredging, clearance adjustments, and wharf enhancements to expand cargo capacity. Projects must promote safer transportation, reduce emissions, and increase economic competitiveness.

Applicants can find detailed program guidelines and application materials on the New York State DOT website. Submissions should focus on measurable benefits like cost savings, efficiency improvements, and environmental sustainability.

Commissioner Marie Therese Dominguez emphasized the economic and environmental advantages of freight rail systems. She highlighted how upgraded infrastructure reduces emissions while strengthening the supply chain.

NY’s $101.8 million initiative aims to modernize rail and port networks to support economic growth. These upgrades will ensure reliable logistics, improved safety, and greater capacity for freight operations.

Strategic investments in infrastructure demonstrate NY’s commitment to sustainable transportation solutions. With enhanced facilities, businesses can operate more efficiently while reducing environmental impacts.

By addressing critical infrastructure gaps, NY remains a leader in economic development and innovation. Applications for funding remain open, providing communities opportunities to secure project support.

Source: www.railwayage.com

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