For Immediate Release: January 30, 2023
Coos Bay, OR –
The Oregon International Port of Coos Bay (Port) and NorthPoint Development received notification that the $1.2 Billion Mega Grant proposal to support construction of the Pacific Coast Intermodal Port was unsuccessful in receiving an award in the 2022 funding cycle. However, the Port and NorthPoint are continuing to move forward with the project, having been encouraged by key Federal stakeholders to resubmit the proposal in the 2023 grant cycle. In the interim, the Port is working to secure funding through other previously identified sources.
“We want to assure community, State, and international trade partners that we will continue to move this project forward. We knew that it was important not to rely solely on funding through the Mega Grant program, given the competitive nature of the selection process and the significance that this project will have on the supply chain and in moving toward cleaner movement of cargo. The Mega Grant program is extremely competitive, so having a plan B to keep this project moving was imperative,” said John Burns, Port CEO. “I want to extend my sincerest thanks to our State and Federal Delegations for championing this project, labor groups, and community partners for their tremendous support. Senators Wyden and Merkley Representative Val Hoyle have spent countless hours advocating for this project in Washington, D.C., and we are truly grateful for their continued efforts. We are continuing to press forward and request that you continue to offer your support as we work on alternative funding opportunities.”
“The next round of grants through the Mega Grant program remains critical to the success of this project, and we will continue to pursue this grant. Although we were not selected for funding this year, the Port and NorthPoint have been working simultaneously on other funding opportunities, including having already submitted an application to the Railroad Rehabilitation and Improvement Financing program as well as the Transportation Infrastructure Finance and Innovation Act program,” said Chad Meyer, President of NorthPoint Development.
The south coast and the Port of Coos Bay are uniquely poised to provide a critical solution to ease our nation’s supply chain crisis. The Pacific Coast Intermodal Port makes economic and environmental sense. This is why a broad-based coalition of local, state and Federal officials, the transportation industry, labor unions and small businesses came together to support the project and build public support.
For additional information, please contact:
Margaret Barber, Director of External Affairs, Oregon International Port of Cos Bay // 541-266-3713
NorthPoint Development // firstname.lastname@example.org // 816-381-2917