Port of Oswego gets $1.5 M grant to help handle more shipments
Fri, 30 Aug 2013 22:14:50 GMT —
The Port of Oswego Authority is awarded a $1.5 million grant to help upgrade deteriorating rail lines, which will ultimately help the Port meet increased shipping demands, and increase productivity.
The funds will go toward building a new rail link at the Port, which will help with the increase of shipments coming in.
The project, which will bring almost 100 new construction jobs to Oswego County, will increase the Port's ability to store things by about two-thirds, and make for an easier traffic flow for customers.
A new road will be built, as well as a new rail track to connect the main East Terminal to an open storage area for commodities.
Right now, Aluminum Ingots, made by Novelis, are the biggest products shipped through the Port.
The $1.5 million Transportation Investment Generating Economic Recovery (TIGER) grant will also help leverage another $1.75 million in matching funds to bring the total investment in infrastructure improvements to $3.2 million.
"The fact that the Port of Oswego's rail line -- a critical link between the port and local supply chains -- has been left to decay is unacceptable," U.S. Senator Chuck Schumer said in a release late this afternoon.
He worked to secure the grant, so that the Port could grow economically, which would in turn benefit the City of Oswego.