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Hillwood, developer of the 27,000-acre AllianceTexas, and partners are building a $262 million Smart Port at the site on the north side of Fort Worth, hoping to amp up its already bustling inland port and bolster the region's supply chain.

A recently awarded $80 million grant from the U.S. Department of Transportation, announced Oct. 24, will help pay for the infrastructure of the project.

The public-private partnership between Hillwood, the Texas Department of Transportation, the cities of Fort Worth and Haslet and the North Central Texas Council of Governments aims to connect AllianceTexas' inland port to the Texas Connected Freight Corridor and National Highway Freight Network via roads such as I-35 and I-45.