Capital Construction Fund
Department Of Transportation, Maritime Administration
To provide for replacement vessels, additional vessels or reconstructed vessels, built and documented under the laws of the United States for operation in the United States foreign, Great Lakes, Marine Highways or noncontiguous domestic trades.
Jargon-free version
Helps U.S. vessel owners pay for building or upgrading ships. Participants can defer federal taxes on money used for these projects.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
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📋What Are the Application Steps & Timeline?
- 📝Steps to Apply
- Complete the Grants.gov registration process (2-4 weeks)
- Prepare application materials
- Submit final application through Grants.gov
- 🌐Application Portal
- https://www.grants.gov/applicants/grant-applications/how-to-apply-for-grants
- 📤Submission Method
- online
- 🔄Intake Type
- fixed-deadline
📄What Documents Are Required?
- ✅Required Documents
- SF-424 (Application for Federal Assistance)
- SF-424A (Budget Information - Non-Construction)
- SF-424B (Assurances)
- Project Narrative
- Budget Narrative
- Indirect cost rate agreement
- 📐Format Requirements
- PDF only, max 10MB
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💰What Expenses Are Eligible?
- 🧾Eligible Expenses
- construction
- reconstruction
- acquisition of vessels
- 💳Payment Model
- mixed
🤝Is Matching Funding Required?
- 🔀Matching Required
- Yes
- 📊Matching Ratio
- null
- 🏦Eligible Matching Sources
- cash
- in-kind contributions
- 📚Stacking Rules
- null
- 🛡️Proof of Matching Required
- null
📊What Are the Reporting Requirements?
- 🗓️Reporting Frequency
- annual
- 📑Reporting Requirements
- annual reporting to MARAD
- updated lists of vessels
- changes to depositories and plans
- 🔍Audit Requirements
- OMB Uniform Guidance Single Audit if the recipient expends $750,000 or more in federal awards
- 🗄️Record Retention Period
- 3 years post-final-report
How Do I Apply?
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FAQFrequently Asked Questions
Visit the program page for detailed eligibility requirements.
This program offers funding up to $2 (minimum $2).
This program accepts applications on a rolling basis.
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