The Tampa Port Authority has announced that it is among a number of Florida ports to receive a portion of US$150m in state funding to finance port capital projects.
The move underscores Florida governor Rick Scott’s commitment to bolster the state’s 15 seaports as critical economic engines with lasting economic impacts, the Port Authority noted.
The Port of Tampa will receive approximately US$23 million to invest in capital projects.
Governor Scott has made it clear that port development and international trade are critical keys to growing the state’s economy and to the state’s vitality as a major player in global trade, particularly as it relates to the expansion of the Panama Canal.
As a result, his administration and the state cabinet have increased their commitment to ports in recent years, and the new funding commitment provides momentum and direction for 16 projects approved by the Florida Department of Transportation (FDOT).
“This US$150m investment in Florida ports will strengthen Florida’s role as a hub for global commerce,” explained Scott. “Florida’s ports support international trade and domestic manufacturing, and create jobs for Florida families. With this investment, we will continue to position Florida as a leader in global trade and commerce.'
