In case you missed our email last month, Governor John Bel Edwards announced a public-private partnership between the State, Port NOLA, and leading global maritime partners to deliver the Louisiana International Terminal. Ports America and Terminal Investment Limited (TiL) will invest more than $800 million to build and operate the new terminal in St. Bernard Parish.
Ports America, North America's largest marine terminal operator, and TiL, the investment arm of Mediterranean Shipping Company (MSC), currently operate Port NOLA's Napolean container facility in New Orleans and have been valued partners of ours for decades. MSC, the world's largest container carrier, already serves Port NOLA's gateway and has the largest container volume on the river.
This investment in this project represents Ports America and TiL's ongoing commitment to the region and State and demonstrates the industry's confidence in our ability to deliver the leading gateway in the Gulf of Mexico. In addition to the partners' investment, the terminal's construction will be financially supported by a substantial commitment from Port NOLA and State and Federal funding sources.
Our partners are excited to work with us to build this facility by investing in the latest green technology. These investments include:
- Shore power, which can potentially reduce emissions from ships at berth by up to 98%
- Container on barge services, which move containers up and down the river by barge rather than road or rail
- Electric equipment
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