State Port gets HUD funds to complete Katrina recovery
by Associated Press
Published: June 9,2011
GULFPORT — The Port of Gulfport has received the final $481 million in federal funds to complete Katrina restoration and elevation to 25 feet, a project that will take six years.
The restoration and elevation will quadruple the port’s capacity.
The Sun Herald reports the port has been redesigned as it is being rebuilt so the result will be a modernized container operation, including automated equipment to move cargo.
Community Development Block Grant money from the U.S. Housing and Urban Development Department, earmarked for Katrina recovery, is paying for the restoration and elevation. The port has received a total of $570 million.
Source: The Sun Herald
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Chris McDaniel gets a thank you note from Travis Childers
- Senate passes teacher pay raise legislation
- Lawmakers debating alternative to Medicaid expansion
- Pickering collects more money from failed beef plant project
- The First acquiring Alabama bank in cash/stock deal
- Todd Smith's Spin Cycle — Not milk! It’s end of era for milk industry’s iconic ‘Got Milk?’ campaign
- States settle with manufacturers in DRAM price-fixing case
- District at Eastover takes shape with financing in place, tenant signings under way
- MBJ's Businesswoman of the Year never expected her career to take this path
- Mississippi ag aviation plays a critical role in production and profitability