The Port of Wilmington will get $10 million through the U.S. Department of Transportation’s TIGER V grant award program.
The money will be used to help fund a rehabilitation project for two cargo berths originally built in 1923. The Diamond State Port Corporation, which operates the Port of Wilmington, will provide $3.4 million in state funding to fully fund the project.
DSPC Executive Director Gene Bailey says they were delighted to get the grant to rehab the old wharf including the two cargo berths. “It’s interesting, it was built in 1923, and I think we got our money’s worth out of the initial investment, and now we’re going to improve it.”
Bailey says the port, which covers 300 acres along the Delaware and Christina Rivers, needs to stay up to date on its facilities to stay competitive. “In order to compete, you have to have the infrastructure in place, you have to be able to provide the services that customers want you to provide.”
The port was selected for the funding award from more than 700 applicants in a competitive process.