Port Offers Financial Assistance for Clean Trucks
Generous support available for truck owners seeking to replace vehicles
August 5, 2008
The Port of Long Beach is taking applications for financial assistance from truck owners seeking to upgrade their older vehicles to meet standards outlined in the Port’s Clean Trucks Program, a clean-air initiative to reduce air pollution from the Port truck fleet by 80 percent by 2012.
The Port is offering generous subsidies of as much as 80 percent for vehicle owners who participate in the leasing and grant program. To make an appointment to apply, call 888-KLN-TRUX (888-556-8789) or visit the Clean Trucks Center on Terminal Island at Pier S Avenue and New Dock Street.
As outlined in the Port of Long Beach Clean Trucks Program, the Port is providing financial assistance to accelerate the transition to clean trucks and offering the option of three financing plans: a lease-to-own program, grants for the purchase of a new truck and grants to retrofit an older truck. Financial assistance is available to independent truck owner-operators and trucking companies (Licensed Motor Carriers) who own port drayage trucks.
Under the lease-to-own program, an applicant can exchange an older truck for a pre-approved new truck under a seven-year lease agreement. For new diesel trucks the monthly lease payment would be between $300 and $400 for the first two years and between $500 and $600 for the next five years. For new LNG trucks the monthly lease payment would be between $300 and $800 for the first two years and between $500 and $1,000 for the next five years. The balance of the monthly lease cost will be paid by the Port. At the end of the lease term, the Port will provide a subsidy towards the purchase of the truck for the lessee, 50 percent of the remaining balance or about $7,000 for a diesel truck and $15,000 for an alternative fuel truck. With a new truck, operators are expected to save on maintenance and fuel.
With a grant for purchase, an applicant can exchange an older truck for a pre-approved new truck with a Port grant. Qualified applicants can be awarded as much as 80 percent of the cost of the truck. The applicant will provide the remaining costs.
A third option, a grant for a retrofit, is also available. Here the Ports will provide a one-time grant (as much as $20,000) towards the purchase of retrofit equipment for model year 1994 to 2003 engines.
The Clean Trucks Program progressively bans old, polluting trucks from entering Port shipping terminals beginning October 1, 2008, when all 1988 and older trucks will be banned. On January 1, 2010, all1993 and older engines will be banned from Port terminals along with unretrofitted 1994-2003 engines. On January 1, 2012, all trucks that do not meet the 2007 federal clean truck emission standard will be banned from Port terminals.
Trucks that meet the federal 2007 emission standard produce 80 percent less air pollution than older trucks.
License Motor Carriers seeking to do business at the Port must obtain a concession. Applications are available at www.polb.com/cleantrucks.