Harrisburg, October 2, 2018 – Sen. Larry Farnese (D-Philadelphia) announced today that $6 million in state grants were awarded for three important transportation projects in Philadelphia to aid the shipyard, convert cranes at the Tioga Marine Terminal and rehabilitate a former heavy metal shredding facility on Pennrose Avenue.

“It is fantastic that the projects were approved, and the investment secured because they will greatly serve our region for many years to come,” Farnese said. “These projects serve to improve business operations and transportation in our area.”

The three projects include:

  • $3 million awarded to the Philadelphia Authority of Industrial Development to replace the 1898 timber deck structure supporting the Broad Street, main entrance of the Navy Yard;
  • $1.3 million awarded to Provco Pennrose to assist with the conversion of an old heavy metal shredding facility on Pennrose Avenue.  The area will be transformed to a commercial operation including a convenience store with gas pumps and a restaurant; and
  • $1.5 million to the Philadelphia Port Authority to change two cranes from diesel fuel power to electric at the Tioga Marine Terminal.

Farnese said that the approved projects are essential, will improve vital industrial transportation needs and attract new business interests to the area.

“The purpose of the multimodal grants is to develop, rehabilitate, and enhance transportation-oriented projects that encourage economic development,” Farnese said. “These three projects will meet these goals and create positive impacts for our community’s industry sector.”