Fincantieri Marinette Marine (FMM) will receive $3 million from the State of Wisconsin to improve marine infrastructure along the Menominee River where the company builds surface combatant ships for the U.S. Navy.Governor Tony Evers and the Wisconsin Department of Transportation announced today that five in-state projects will receive more than $10 million in Harbor Assistance Program grants. These grants are intended to strengthen supply chain reliability, support waterborne freight and assist with economic development of Wisconsin’s coastal communities.
FMM will use the funding to offset costs of dredging, repairing dock walls, installing mooring bollards and fenders to maintain the safe navigation and mooring of vessels built at the busy shipyard along the Menominee River. “These efforts will help us operate safely and continue to be a strong and vital community partner as we support the U.S. Navy,” said Mark Vandroff, CEO of FMM.
“We are grateful that WisDOT Secretary Kristina Boardman and Gov. Tony Evers’ administration are committed to improving Wisconsin’s maritime infrastructure,” said Marco Galbiati, CEO of Fincantieri Marine Group. “We invested more than $300 million in the past three years to improve our facilities and to create an efficient and modern shipyard, and we believe that success is almost always a result of teamwork and shared commitment. I feel that we have a strong partnership here in Wisconsin.”...
Ken Notes: Wisconsin has a real opportunity to focus om it`s ports in the future.
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- - Volume: 25 - WEEK: 4 Date: 1/22/2025 3:28:47 PM -