On May 22nd, Global Marine Terminals accepted an $11.4 million TIGER grant from the U.S. Department of Transportation. The grant will assist Global Terminals as it completes its ongoing $350 million renovation. Part of that renovation involves expanding the current 100-acre Global campus onto 70 additional acres in what once were the Greenville rail yards, now a Port Authority-owned property.
Global will use TIGER funds to purchase two double-cantilever rail-mounted gantry cranes capable of loading and unloading double-stack rail cars. This technology simplifies the process and pace of moving cargo inland while doing so in a more environmentally sustainable fashion.
TIGER stands for Transportation Investment Generating Economic Recovery. For 2013, the U.S. DOT will award $473.847 million in TIGER grants "to invest in road, rail, transit and port projects that promise to achieve critical national objectives."
Since the program's inception, Congress has authorized approximately $3.5 billion in TIGER grants.
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