The U.S. Department of Transportation's Federal Transit Administration has announced grants totaling nearly $300 million to expand and modernize the nation's ferry systems. Each year, 56 million trips are made on ferries in communities across the country, supporting the movement of people and goods, boosting local economies and helping to lower costs for travel.
FTA is awarding 18 grants in projects in 14 states. Federal funding will support projects such as replacing old vessels with electric ships that reduce greenhouse gas pollution and improve air quality, expanding fleets, and building new terminals and docks. Of the 18 projects, eight are receiving federal support for environmentally friendly propulsion technologies, such as electric ferries and charging equipment.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.