Date: Apr 14, 2017
Toolkit resources are helping ports better compete for public, private funding
Contact: Aaron Ellis, Public Affairs Director, email@example.com (703) 684-5700 or
Kim Strong, Maritime Administration Public Affairs Director, firstname.lastname@example.org (202)366-5067
American Association of Port Authorities 1010 Duke Street Alexandria, VA 22314 Phone: (703) 684-5700 www.aapa-ports.org
Developed through collaboration between the American Association of Port Authorities (AAPA), the U.S. Department of Transportation’s Maritime Administration (MARAD), PFM Group of Orlando, Fla., WSP/Parsons Brinkerhoff of Virginia Beach, Va., and a host of industry experts, the PPIT is a valuable resource for the port industry.Two additional sections of a user-friendly manual to help U.S. port authorities plan, invest in and implement critical infrastructure projects, called the Port Planning and Investment Toolkit, or PPIT, are now complete.
“AAPA recognized the infrastructure project needs and funding concerns faced by America’s ports,” said Kurt Nagle, AAPA’s president and CEO. “To help solve these challenges, we jointly brought together a host of experts to develop an easy-to-read, easy-to-understand, and easy-to-execute resource to help ports get to the point of bidding out a plan for the modernization and upgrades they need to handle both their current and future demands.”
He added: “The capabilities to handle the mountains of freight that move through America’s seaports each year require costly investments. Although ports have a history of public-private partnerships to develop and operate their facilities, funding vital intermodal freight projects is requiring them to engage with a larger cast of public and private partners.”
In commenting on the toolkit, Joel Szabat, MARAD’s executive director, said, “The development and enhancement of our maritime transportation system is a crucial component in the continued growth of our nation’s economy. Forward-thinking and planning will enable our ports to further support jobs, trade and commerce for American communities.”
The PPIT was built around modules on planning, refining and funding projects, with the goal of navigating the best course of action for tackling these challenges in a more comprehensive and user-friendly way than ever before.
The new Planning Module provides guidance to the PPIT users when beginning to identify factors that must be addressed when planning a potential port project. This module provides clearly defined steps and requirements of the planning process needed for successfully financing a project.
The new Feasibility Module addresses the process of refining a project plan by considering all aspects of cost, risk, and reward. This module includes approaches for measuring and evaluating the benefits and costs of project alternatives created during the planning stage.
The revised Financing Module describes different approaches for evaluating project funding and financing strategies and identifying ways to obtain grant funding and public/private financing. It includes examples of financing strategy solutions designed to address a variety of needs.
The PPIT project began in September 2014 after MARAD joined AAPA in a cooperative agreement to work together in developing a port investment plan guidance, complete with references and best practices.
To view the MARAD website where stakeholders can learn about the toolkit and MARAD’s StrongPorts initiative, click here.