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Port Of Albany Receives Grant To Support Electrification...

port-and-ship
Mar 06, 2025
Article Source LogoMaritime Logistics Professional
Maritime Logistics Professional

March 6, 2025

New York Governor Kathy Hochul announced that the Albany Port District Commission (APDC) was awarded an $18.79 million grant from Empire State Development’s Focused Attraction of Shovel-ready Tracts New York (FAST NY) program for utility infrastructure work at Beacon Island, including installation of a high-voltage substation, a sanitary wastewater treatment plant, and the intake lines and pump station package for the fire protection system.

The Port of Albany’s Expansion Project is a fully graded 85-acre site with access to 115Kv power lines and the navigable Hudson River that presents a unique asset to manufacturers of a variety of large-scale components. The project was one of seven awards that received a total of $32.6 million in development of shovel-ready sites throughout the state; the Port’s award was the single largest award in this round of funding.

FAST NY is designed to prepare and develop sites across the state to further New York’s shovel-readiness and increase its attractiveness to large employers and high-tech manufacturing companies.

With this next phase of work, the investment (to date) is nearly $178 million.

The Port continues to be a key regional economic driver with an annual impact of more than $428 million and approximately 1,400 local jobs and 4,500 jobs throughout the state.

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