maritime administration

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1 maritime administration Fran Bohnsack, Ph.D. Director, South Atlantic Gateway Maritime Administration U.S. Department of Transportation 51 SW 1 st Avenue Miami, FL O M Frances. Bohnsack@dot.gov

2 WHO is MARAD

3 Mission: To foster and promote the U.S. Merchant Marine and strengthen the maritime transportation system including landside infrastructure, industry, and labor to meet the economic and national security needs of our Nation. Established: 1950 Total Employees: 754 Headquarters: 272 U.S. Merchant Marine Academy: 264 Gateway Offices and Fleet Sites: 218

4 Gateway Regional Offices Map

5 Ports & Waterways Programs Strong Ports Port Infrastructure Development Port Conveyance America s Marine Highways Deepwater Port Licensing Business and Finance Development Programs Federal Ship Financing (Title XI) Capital Construction Fund Capital Reserve Fund Small Shipyard Grant Port Security Grant Program

6 Port Funding Story

7 Infrastructure Funding What has changed at the Federal Government? 2003 Port Security Grant program established 2007 Energy & Security Act ports are an extension of our surface transportation system 2009 ARRA first multimodal freight grant program TIGER confirmed port eligibility 2010 MARAD begins designating Marine Highways as part of our transportation system 2012 MAP-21 includes focus on freight planning 2015 TIFIA available to ports 2016 FASTLANE sets aside $500M over 5 years for freight projects, including at ports TIGER Tells the Story Total Applications: 7,298 Port Applications: 623 Port Awards $578M Total Awards$5.2B Port Requests:$12B

8 Everett, WA Guam M5 Corridor Seattle Tacoma, WA Portland, OR Pasco, WA Garibaldi, OR Newport. OR Benton, WA Lewiston, ID Coos Bay, OR Green Trade Corridor, CA Hueneme, CA Port of L.A., CA Pier 29, HI Dillingham, AK W. Sacramento, CA Stockton, CA Oakland, CA Port of Long Beach, CA San Diego, CA Auke Bay, AK Catoosa, OK Duluth, MN Tri-City, IL M55 Corridor Toledo, OH Jeffersonville, IN Little Rock, AR Port of Albany Wilmington, DE Richmond, VA Cates Landing, TN Fulton, MS M95 Corridor Wellsville, OH Eastport, ME Charleston ProvPort, RI Newark Quonset, RI NE Gateway Bayonne, NJ South Jersey Neptune Port Corp, NJ Baltimore, MD Pascagoula, MS Mobile, AL Georgia Ports JaxPort, FL New Orleans, LA Houston, TX Gulfport, MS Main Pass Corpus Christi, TX Orange, TX Cross Gulf, FL Port Manatee, FL LOOP Port of Miami, FL Gulf Gateway Cross Gulf, TX Brownsville, TX Gulf Port Dolphin Landing Port Pelican Maine Ports Virginia Ports, VA Norfolk Saint Croix VI

9 Design Your Strategy

10 Port Investment Toolkit A port master plan and strategic plans are needed in order to develop an understanding of projects and capital investments that might further the port s strategic goals. The application of any project finance plan or P3 technique must be in congruence with ports portfolio of plans, generally to create positive economic impact through the development and utilization of a port s marine terminal infrastructure. For example, would the port prefer to seek upfront capital from a P3 concession for use on other port facilities, or would maximizing revenue sharing from the project better meet the port s long-term needs? This process can help the port, investors, and other stakeholders to understand the overall strategic guidelines and criteria regarding the identification of appropriate project/p3 opportunities, the utilization of financing structures, and the selection of potential private sector partners. Port Profile Master Plan Strategic Plan P3 Policy Revenue, Grants and Loans

11 Resource Pooling Non-vessel operating common carriers (NVOCC) A type of ocean freight forwarder. NVOCCs book space in large quantities for a reduced rate, then sell space to shippers in lesser amounts. NVOCCs consolidate smaller shipments into a container load that ships under one bill of lading. Cost-Benefit Analysis Template To provide a basis for comparing projects or decisions. It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much. Port Profile Master Plan Strategic Plan P3 Policy Revenue, Grants and Loans

12 Resources Delivery of Federal Services Inter-Agency Plans, Reports, Documents Maritime Administration Committee on Marine Transportation (CMTS) Federal Funding 64 Express Transportation Infrastructure Finance Innovation Act Railroad Rehabilitation and Improvement Financing Build America Bureau

13 QUESTIONS?