LOUISIANA Governor John Bel Edwards has announced plans to build an US$1.8 billion container facility on the Lower Mississippi River adjacent to New Orleans in St Bernard Parish, reports Ventura, California's gCaptain.
Construction is to begin in 2025 and the first berth to open in 2028, said the report, adding that the facility wil boast of a 50-foot navigation channel.
'This public-private partnership with the Port of New Orleans, TiL and Ports America has the potential to become one of the most impactful economic development projects in our state's history,' said Governor Edwards.
New Jersey's Ports America and Mediterranean Shipping Co's (MSC), port investment arm Terminal Investment Limited (TiL), have committed $800 million toward the project.
Construction will be supported by a substantial commitment from Port NOLA, as well as state and federal funding sources. The joint venture will operate the terminal once construction is complete.
The project is in the design and environmental review process. At full build-out, LIT will be able to handle two million TEU annually, taking advantage of the deeper channel and avoiding height restrictions from Mississippi River bridges further up river.
The Port of New Orleans in 2020 purchased over 1,200 acres of land in Violet, Louisiana, of which 400 acres will be used for the future container terminal, related infrastructure and buffer areas.
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Construction is to begin in 2025 and the first berth to open in 2028, said the report, adding that the facility wil boast of a 50-foot navigation channel.
'This public-private partnership with the Port of New Orleans, TiL and Ports America has the potential to become one of the most impactful economic development projects in our state's history,' said Governor Edwards.
New Jersey's Ports America and Mediterranean Shipping Co's (MSC), port investment arm Terminal Investment Limited (TiL), have committed $800 million toward the project.
Construction will be supported by a substantial commitment from Port NOLA, as well as state and federal funding sources. The joint venture will operate the terminal once construction is complete.
The project is in the design and environmental review process. At full build-out, LIT will be able to handle two million TEU annually, taking advantage of the deeper channel and avoiding height restrictions from Mississippi River bridges further up river.
The Port of New Orleans in 2020 purchased over 1,200 acres of land in Violet, Louisiana, of which 400 acres will be used for the future container terminal, related infrastructure and buffer areas.
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