SoCal Port Sets Funds for New Trucks, Retrofits
The Port of Long Beach, Calif., said it is making funds available to truckers who want to retrofit older trucks or buy new trucks.
Under a subsidized lease-to-own program, applicants can receive funding for a pre-approved new truck under a 7-year lease agreement that is subsidized up to 80% by the port.
Monthly payments for drivers as low as $300 for both diesel and alternative fuel / liquefied natural gas trucks and the port’s $137,000 subsidy for LNG trucks is more than double that of the $68,000 for diesel trucks.
Applicants can receive subsidized loan funding for a pre-approved new truck, secure their own financing based on their credit, and receive a port grant of $67,000 for a clean diesel truck or $105,000 for an LNG truck, with grant is paid out over seven years.
The Port will provide a one-time upfront grant of up to $20,000 towards the purchase of retrofit equipment for trucks with 1994-2003 model year engines. The retrofit must be a California Air Resources Board-approved retrofit device that achieves at least 85% particulate matter and 25% NOx reductions.
Submittal of all application forms are due to the port’s Clean Truck Center by Friday, June 5, at 4 p.m. local time. Click here for more information. (Port of Long Beach Web site.)
