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MARAD 08-08
Contact: Shannon Russell, Tel.:  (202) 366-5807
Thursday, April 24, 2008

Maritime Administration Awards $9.8 Million in Shipyard Grants
New Program Encourages, Strengthens Small Shipyards

            The U.S. Department of Transportation’s Maritime Administration today announced $9.8 million in grants to 19 small shipyards in the United States.  

            The grants are part of the new Assistance to Small Shipyards program, set up under the National Defense Authorization Act for Fiscal Year 2006.   

“Small shipyards are vitally important for the health of the maritime industry, and for the economy of the Nation,” said Maritime Administrator Sean T. Connaughton.   

The purpose of the grants is to make capital and infrastructure improvements that facilitate the efficiency, cost-effectiveness and quality of domestic ship construction, conversion or repair for commercial and federal government use.  The grants cover a maximum of 75percent of the estimated cost of improvements.  The companies are responsible for the remainder. 

            The Maritime Administration is the agency in the Department of Transportation dealing with waterborne transportation.  Its mission is to improve and strengthen the U.S. marine transportation system, including infrastructure, industry and labor, to meet the economic and security needs of the United States.   

            Recipients, amounts, and purposes of grants are as follows:

 

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