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\n \nLouisiana governor John Bel Edwards announced a public-private partnership between the state, the Port of New Orleans and two global maritime industry leaders to build a $1.8 billion container facility on the Lower Mississippi River. Photo courtesy Port NOLA\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n Louisiana governor John Bel Edward<\/strong>s announced a public-private partnership between the state, the Port of New Orleans<\/strong> and two global maritime industry leaders to build a $1.8 billion container facility on the Lower Mississippi River<\/strong>. The new Louisiana International Terminal (LIT)<\/strong> in St. Bernard Parish will be designed to serve vessels of all sizes, dramatically increasing Louisiana\u2019s import and export capacity and stimulating the creation of more than 17,000 new jobs statewide by 2050, Port NOLA estimates.<\/p>\n Ports America<\/strong>, one of North America\u2019s largest marine terminal operators, and Geneva, Switzerland-based Mediterranean Shipping Company<\/strong>, through its terminal development and investment arm Terminal Investment Limited (TiL), have committed $800 million toward the project. In addition to the partners\u2019 investment, the construction of the terminal will be supported by a substantial commitment from Port NOLA, as well as state and federal funding sources. The joint venture will also operate the terminal once construction is complete.<\/p>\n The project is currently in the design and permitting phase of the U.S. Army Corps of Engineer<\/strong>s\u2019 environmental review process. Barring unforeseen delays, construction is slated to begin in 2025 and the first berth to open in 2028.<\/p>\n At full build-out, LIT will be able to handle 2 million TEUs annually, taking advantage of the deeper 50-foot Lower Mississippi River Ship Channel and avoiding height restrictions from Mississippi River bridges further up the river.<\/p>\n Following an extensive site selection process and feasibility studies, Port NOLA purchased 1,200 acres of land in Violet in 2020, sufficient to accommodate the terminal, value-added services and warehousing facilities, and provide a natural buffer for the nearby community. The latest design incorporates community feedback gathered over the last two years regarding traffic, drainage and other impacts on nearby homes and businesses.<\/p>\n<\/div>\n<\/div>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" December 13, 2022 Louisiana governor John Bel Edwards announced a public-private partnership between the state, the Port of New Orleans and two global maritime industry leaders to build a $1.8 billion container facility on the Lower Mississippi River. Photo courtesy Port NOLA Louisiana governor John Bel Edwards announced a public-private partnership between the state, the …<\/p>\n","protected":false},"author":1,"featured_media":32192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-32191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=32191"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/32191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/32192"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=32191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=32191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=32191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nDecember 13, 2022<\/span>
\n\n<\/p>\n