The investment will come from an eight round of the Transportation Investment Generating Economic Recovery (TIGER) competitive grant programme.
“The TIGER program funds vital transportation projects that provide real benefits to communities all across the country,” said secretary, Anthony Fox.
“Every year, we see hundreds of compelling applications that have the potential to improve people’s access to economic opportunities, make people safer, and improve their well-being.”
US ports are set to benefit from the grant which will aim to focus on capital projects that generate economic development and improve access to reliable, safe and affordable transportation for communities, both urban and rural.
Mr Foxx added: “I am proud that for seven rounds, TIGER has been able to make a valuable contribution to improving our nation’s transportation infrastructure, and I look forward to this year’s competition.”
Like the previous seven rounds, the 2016 TIGER grant will be awarded on a competitive basis for projects that will have a significant impact on the nation, a metropolitan area, or a region.
In 2015, the Port of Seattle received $20m to develop its Terminal 46, while Newark gained $14.8m to expand the terminal and improve access.
Throughout last year’s TIGER funding, 13% of the total funds were allocated to the maritime industry.
TIGER funding is provided in the Consolidated Appropriations Act, 2016, signed by President Obama.
Source: Port Strategy