In This Issue
Assembly Approves
Gov. Raimondo's Proposal to Invest in Success
EDA Invests $625,000 to Boost Capacity
MARAD Administrator Makes Return Visit to Quonset
'Trains to Planes' Set to Return for 2017 Air Show
In the News


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Assembly Approves Governor Raimondo's Proposal to Invest in Success
at Quonset's Port of Davisville
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Pier 2 is the "work horse" of Quonset's Port of Davisville

The Rhode Island General Assembly reaffirmed its commitment to investing in the success of Quonset Business Park's Port of Davisville when it approved the FY2017 state budget last week.   Included within that legislation was Governor Gina M. Raimondo's $90 million modernization plan for Pier 2 at the Port of Davisville.  Governor Raimondo signed the budget into law on Friday.

Today, there are more than 75 companies that rely on Quonset's Port of Davisville to put $97 million of annual earnings into the pockets of Rhode Island workers.  At the same time, the Port generates $27 million in state and local taxes and accounts for 1,500 direct, indirect and induced jobs. Consistently one of the Top 10 auto ports in North America, the Port of Davisville has experienced 547% growth over the past 20 years. Last year marked its sixth consecutive record breaking year of auto imports.

The Governor's plan would support the modernization of Pier 2, built in 1956 with a design life of 50 years.  It will re-configure the Port for additional growth and provide more berthing capacity so other shippers can be pursued to call at the facility. Most importantly, it would preserve hundreds of jobs in the maritime sector and keep Rhode Island competitive with other ports in the region.

This initiative is a critical component to the Port's growth.   The increase in off-shore wind projects, opportunities in short-sea shipping, and an even stronger auto import business are all on the horizon.   This investment will ensure the Port's continued momentum can help drive the local economy and bring more commerce to Rhode Island.

The investment will be made in three parts: a $50 million general obligation bond; a $15 million appropriation from the State's Capital Plan Fund, and; a $25 million revenue bond.  The revenue bond will be repaid exclusively by the QDC and port users, at no cost to state taxpayers.  The $50 million general obligation bond must be approved by voters in this November's election, and will be paired with a $20 million bond to expand the bustling Port of Providence.

To learn more about the Governor's proposal for Quonset's Port of Davisville, check out the recent presentation by QDC's managing director Steven King before the House Finance Committee by clicking here


U.S. EDA Invests $625,000 to Boost Capacity
at Port of Davisville
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QDC Matches Grant Dollar for Dollar
Senator Reed, Senator Whitehouse and Congressman Langevin

The federal government continues to make investments that will ensure future growth at the Port of Davisville. U.S. Senators Jack Reed and Sheldon Whitehouse joined U.S. Representative James Langevin last week to announce that the U.S. Economic Development Administration (EDA) will award a new $625,000 federal grant to increase shore-side capacity at the Port of Davisville. The federal funding will be matched dollar-for-dollar by the Quonset Development Corporation (QDC) for a total of $1.25 million to expand the port's capacity for additional automobiles, project cargo, and offshore wind components.

Since 1980, state and federal investment has led to $2 billion in private investment at Quonset, which has been the foundation for 200 companies and nearly 11,000 jobs at the Business Park today.

The funding will help pave and stripe Terminal 5, which covers over 13 acres.  Currently, the terminal is covered in gravel and is not suitable for importing vehicles because of dust, grit, and a lack of delineated storage areas.  The additional paved space will provide more capacity and operational flexibility, particularly on days when two ships are in port, something that is happening more frequently.

This EDA funding follows previous EDA investments in the port, including a $1.6 million project to install new marine hardware that will allow the port to more fully utilize Terminals 4 and 5.  Reed, Whitehouse, and Langevin also helped secure $6 million in EDA funding for Quonset in 2012 to help make upgrades and repairs related to storm damage caused by Tropical Storm Irene, as well as a $3.88 million EDA award to improve access to 145 acres of land in the Commerce Park District by building a connector road and bridge over a major rail and road right-of-way.

To see the full press release, click here.    
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MARAD Administrator Makes
Return Visit to Quonset
 
Port of Davisville Director Evan Matthews (left) briefs MARAD Administrator Chip Jaenichen on the Pier 2 modernization project 

The U.S. Department of Transportation's Maritime Administrator, Paul "Chip" Jaenichen, made a return  visit to Quonset Business Park earlier this month.  The visit was part of a daylong program hosted by U.S. Senator Jack Reed to showcase Rhode Island's ports and their role in helping Rhode Island's economy grow. 

Jaenichen toured the Port of Davisville, Senesco Marine, and the site of J. Goodison Company's new shipyard, which is still under construction.  The QDC and its tenants have received both TIGER grants and Small Shipyard grants in the past, and the tour gave the Administrator an up-close look at how both programs have benefited the local economy.    

The MARAD Administrator was also briefed on the $90 million modernization plan for Pier 2 at Quonset's Port of Davisville.  During his trip to Rhode Island, Jaenichen expressed his support for investing in the nation's port assets.   

"An investment in maritime infrastructure is an investment in the future," said Administrator Jaenichen. "When you boost port capability and capacity, you create a long-lasting economic engine that will benefit the local and regional economies for decades." 
 

'Trains to Planes' Set to Return
for 2017 Air Show 
   
Trains to Planes riders got a unique opportunity to travel the Seaview Railroad

Free train service to and from the Rhode Island Air Show is set to return in 2017.   This year's debut service, which included stops at the Providence and T.F. Green stations, saw nearly 3,800 people take advantage of the unique opportunity.  Approximately 1,400 people boarded the train on the first day of the show and nearly 2,400 boarded the second day.   

The 2016 Air Show marked the first time in history the general public boarded the Seaview Railroad, which was recently highlighted by WPRI's Kim Kalunian. The Seaview Railroad typically only carries automobiles or cargo loads used by tenants of the Quonset Business Park.  Today there are more than 200 companies, nearly 11,000 employees at the Park, and Quonset's Port of Davisville is one of the Top Ten auto importers in North America.

This year's inaugural service was orchestrated across several state agencies, including the Quonset Development Corporation, Rhode Island Department of Transportation (RIDOT), the R.I. National Guard, the National Guard Association of Rhode Island, and the Rhode Island Airport Corporation (RIAC).  Seaview Transportation, Amtrak and the MBTA were also instrumental in the program's success.

To read more about the Trains to Planes service, click here