Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

PHILADELPHIA-The Delaware River Port Authority has obtained nearly $12.7 million in federal funding for improvements at area port facilities. The funding is from the new federal Safe, Accountable, Flexible and Efficient Transportation Equity Act, which provides $286.4 billion for highway and mass transit projects.

DRPA will use the largest proportion of the funding, just over $7.3 million, for improvements to the RiverLink Ferry dock at Penn’s Landing to take place over the next four years. The improvements will be made in conjunction with Penn’s Landing development.

Another component, aggregating just over $3.3 million, is earmarked for development of an intermodal transportation facility at the Philadelphia Cruise Terminal at the Navy Yard Business Center. The remainder will be split between the acquisition of upgraded, high-speed rail cars for the Patco system and security upgrades to the Commodore Parry Bridge.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.