Business report

PhilaPort Receives $20.3 Million Federal Grant

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The U.S. Department of Transportation recently awarded the Port of Philadelphia (PhilaPort) a $20.3 million rebuilding America infrastructure grant to construct a new 100,000 square foot warehouse at the Tioga Marine Terminal. .

The project, developed through a collaboration between Delaware River Stevedores, the facility’s terminal operator, and PhilaPort, will help the port meet growing demand and attract more business.

“With this grant, PhilaPort is able to meet today’s market demands and add much-needed capacity in warehousing space,” said Jeff Theobald, executive director and CEO of PhilaPort. “We receive daily calls from shippers looking for dry storage. With the construction of a new 100,000 square foot warehouse, we will have the ability to attract new businesses, which will create additional family jobs for the region.

Earlier this year, the state invested $246 million in the port to improve regional economic stability and continue modernization efforts. The state also invested $293 million in 2016 for port infrastructure, storage and equipment.

The funding was used to build two warehouses, install three post-Panamax super cranes at the Packer Avenue Marine Terminal, and develop the Southport Auto Terminal.

Gov. Tom Wolf and U.S. Senator Bob Casey (D-PA) visited the port on Friday to celebrate the federal grant.

“The Port of Philadelphia is a vital link in our country’s supply chains – by moving trade through this region, these waterways create and sustain well-paying union jobs and drive economic growth,” Casey said. “The Infrastructure Act has already invested tens of millions of dollars in PhilaPort, including a large portion of this $20 million grant for Tioga Marine Terminal, and this is just the beginning.”

Recent investments have enabled PhilaPort to experience record freight volumes and container growth of almost 60%. The port has also become a bigger player in world trade.

In August 2022, Wan Hai Lines made its first stop in Philadelphia, expanding trade between Pennsylvania and Asia. Wan Hai Lines will have weekly container service making calls from Philadelphia to Asian markets in China, Taiwan and Vietnam, marking the first time Philadelphia will have direct weekly service to this international region.