$5.7M investment to boost Kentucky\u2019s riverports
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Kentucky Gov. Andy Beshear announced another $5.7 million Team Kentucky investment in 15 public riverport projects to enhance industry and support future expansion of the state\u2019s waterways economy.<\/p>\n
\u201cThis investment is about more than replacing outdated equipment, paving roads and upgrading
ports,\u201d said Beshear. \u201cIt\u2019s about driving industry growth, creating good-paying jobs and keeping
Kentucky\u2019s transportation network ahead of the curve.\u201d<\/p>\n
At the beginning of 2024, the Kentucky General Assembly allocated\u2014and Gov. Beshear approved\u2014$15 million for the next two years for the newly created Kentucky Public Riverport Construction and
Maintenance (KPRCM) grant. The Kentucky Riverport Improvement (KRI) program provides additional
grant support.<\/p>\n
In the latest round of funding, projects were reviewed by the Water Transportation Advisory Board,
which recommended the Kentucky Transportation Cabinet (KYTC) approve $5,175,801 for 10 KPRCM
projects and $500,000 for five KRI projects.<\/p>\n
The investment will provide funds to maintain current operations and improve current facilities and
infrastructure, including conveyor replacements, dock upgrades, forklift and yard truck purchases,
barge cell revitalization, paving and more. <\/p>\n
In August 2024, Beshear announced that eight KPRCM projects and eight KRI projects<\/a> were \u201cKentucky\u2019s riverports move billions in freight each year,\u201d said KYTC Secretary Jim Gray. \u201cWith this Approved grants must be used to improve riverport facilities and infrastructure for new construction The post $5.7M investment to boost Kentucky\u2019s riverports<\/a> appeared first on Marine Log<\/a>.<\/p>\n<\/div>\n
approved for the state\u2019s riverports. In January of this year, an additional round of KPRCM grants
funded equipment replacements and expansion for the Greenup-Boyd County Riverport Authority and
West Kentucky Regional Riverport Authority.<\/p>\n
investment, we\u2019re reinforcing our position as a central logistics hub for the nation.\u201d<\/p>\n
and major replacement or repair projects, including but not limited to the improvement of docks,
wharves, equipment, port buildings, storage facilities, roads and railroads to facilitate the flow of
commerce through the port, other onsite improvements and related professional services.
Eligible projects do not include routine operations, maintenance or repair activities.<\/p>\n