VT Halter Marine of Pascagoula awarded nearly $1.7 million in funding by U.S. Department of Transportation
PASCAGOULA, Miss. (WXXV) – The U.S. Department of Transportation’s Maritime Administration (MARAD) awarded $1,695,118 in funding to VT Halter Marine of Pascagoula on Monday.
VT Halter Marine is one of 24 U.S. small shipyards receiving $19.6 million in discretionary grants through the Small Shipyard Grant Program. The funding is to help modernize America’s small shipyards, making them more efficient in constructing commercial vessels.
“This $19.6 million federal government investment in the nation’s small shipyards will help maintain the U. S. shipyard infrastructure of our country,” said U.S. Secretary of Transportation Elaine L. Chao.
VT Halter Marine has more than 70 years of experience in ship design, construction, repair and conversion to maintenance and support, will receive $1,695,118 for a 1250‐ton Press Brake.
In 2013, Mississippi shipyards supported more than 29,000 direct, indirect, and induced jobs and contributed more than $1.8 billion in direct, indirect, and induced labor income to the Nation’s economy.
MARAD’s Small Shipyard Grant Program provides funding to assist eligible shipyards modernize operations, improve efficiency, and reap the benefits of increased productivity by investing in emerging technologies and a highly skilled workforce. Projects under the program include capital and related improvement projects that foster efficiency, competitive operations, and quality ship construction, repair, and reconfiguration. In addition, the program can fund training projects that foster employee skills and enhance productivity.