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Date: Oct 16, 2017

Infrastructure improvements and expansion of aging marine facilities at Tradepoint Atlantic could receive a significant boost as Baltimore County submits a $25 million grant request to the U.S. Department of Transportation. The federal Transportation Generating Economic Recovery (TIGER) grant would be matched by a $25.5 million private investment from Tradepoint Atlantic, developer of 3,100 acres at Sparrows Point.

With funding from the TIGER grant, Tradepoint Atlantic will make structural upgrades to the East-West Berth, modernize it for efficient movement of 21st century cargo, strengthen bulkheads, perform maintenance dredging to allow deep water ships access to the marine terminal, and other necessary improvements designed to leverage existing rail and highway systems on the site.

“This public/private infrastructure investment will ignite job creation in Baltimore County and the entire region by speeding up the turnaround of Sparrows Point from a shuttered steelmaking site into a modern hub for global commerce,” said Baltimore County Executive Kevin Kamenetz.

The investments in dredging, a stronger berth, and short line rail track will facilitate efficient and safe loading and unloading, reducing handling costs for shippers using the facility. 

“By partnering with Baltimore County to secure a federal grant for this key infrastructure investment, we can continue our commitment to creating a first-class facility dedicated to increasing long term job creation in the Baltimore region and lowering prices of American export and import consumer goods,” said Aaron Tomarchio, a Senior Vice President at Tradepoint Atlantic.

The project will expand the region’s bulk handling capability by restoring an obsolete regional marine asset to a state of good repair. The modernization program expands bulk cargo handling capability at Tradepoint Atlantic and does not introduce container cargo handling to the site.

If successful, the grant projects will span four years. The TIGER grant application and administration is led by the Baltimore County Department of Economic and Workforce Development. The application is supported by the Maryland Department of Transportation.

“With this federal transportation grant request, Baltimore County continues to proactively put key pieces in place to support development of Tradepoint Atlantic,” said Kamenetz. Baltimore County initiated creation of the Chesapeake Enterprise Zone and established a foreign trade zone to facilitate global commerce.

Economic and Jobs Impact

A recent economic impact report projects Tradepoint Atlantic will generate 17,000 jobs in the Baltimore region, plus another 21,000 jobs during construction. Economic impact is projected to top $3 billion when development of the 3,100 acre site is completed in 2025, according to the Sage Policy Group study.

“There are more than 17,000 jobs on the horizon at full development, but jobs already are coming back to Sparrows Point from world class companies including FedEx Ground and Under Armour,” added Kamenetz.


 
 
Revised September 11, 2017