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FEATURE STORY: Racing To Be Ready – U.S. Ports Prepare for Post Panamax Era

Buisness Facilities Contributed Content

The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal. The Port currently has service by two Class I railroads, Norfolk Southern and CSX—both offer double-stack service to critical manufacturing and population centers.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Effective for facilities placed into service between January 1, 2011 and December 31, 2019. Terms for both are normally 10-20 years and can finance up to 100% of the project costs.

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