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HomeNewsUSD837m investment in PhilaPort to support largest expansion in port’s history

USD837m investment in PhilaPort to support largest expansion in port’s history

Governor Josh Shapiro and Pennsylvania Department of Transportation (PennDOT) Secretary Mike Carroll visited the Port of Philadelphia (PhilaPort) with industry, laboir, and elected leaders to announce a USD371.5 million investment of capital funding from the Commonwealth in the Port — which will unlock $466 million in additional investment from the private sector and through federal grants to support the largest expansion in PhilaPort’s history.

Since taking office, the Governor has been committed to ensuring PhilaPort’s continued success, understanding its important role both on the Philadelphia waterfront and as a global centre for trade. These investments will help create more than 6,000 new jobs and generate USD45 million in state and local taxes as PhilaPort expands container capacity by 122 percent and auto capacity by 18 percent across the port’s facilities.

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