Baltimore County has been awarded a $20 million federal grant for infrastructure improvements and expansion of aging marine facilities at Tradepoint Atlantic. The U.S. Department of Transportation’s Transportation Generating Economic Recovery (TIGER) grant will be matched by private investment from Tradepoint Atlantic, developer of 3,100 acres at Sparrows Point.
According to a press release:
“This public/private infrastructure investment will ignite job creation in Baltimore County and the entire region by speeding up the turnaround of Sparrows Point from a shuttered steelmaking site into a modern hub for global commerce,” said Baltimore County Executive Kevin Kamenetz.
With funding from the TIGER grant, Tradepoint Atlantic will make structural upgrades to the East-West Berth, modernize it for efficient movement of 21st century cargo, strengthen bulkheads, perform maintenance dredging to allow deep water ships access to the marine terminal, and other necessary improvements designed to leverage existing rail and highway systems on the site.
The investments in dredging, a stronger berth, and short line rail track will facilitate efficient and safe loading and unloading, reducing handling costs for shippers using the facility.
The project will expand the region’s bulk handling capability by restoring an obsolete regional marine asset to a state of good repair. The modernization program expands bulk cargo handling capability at Tradepoint Atlantic and does not introduce container cargo handling to the site.
The grant projects will span four years. The TIGER grant is led by the Baltimore County Department of Economic and Workforce Development.
A recent economic impact report projects Tradepoint Atlantic will generate 17,000 jobs in the Baltimore region, plus another 21,000 jobs during construction. Economic impact is projected to top $3 billion when development of the 3,100 acre site is completed in 2025, according to the Sage Policy Group study.
“There are more than 17,000 jobs on the horizon at full development, but jobs already are coming back to Sparrows Point from world class companies including FedEx Ground, Amazon and Under Armour,” added Kamenetz.
Read the full press release for more information.