Louisiana and the Port of New Orleans have opted to use a public-private partnership (P3) to deliver the planned $1.8-billion Louisiana International Terminal container facility. They will work with terminal operator Ports America and the development arm of Mediterranean Shipping Co. to jointly build and operate it, Gov. John Bel Edwards announced Dec. 12.
Jersey City, N.J.-based Ports America and Geneva, Switzerland-based Mediterranean Shipping have committed $800 million toward the project, according to Edwards’ announcement. The P3 team aims to award a construction contract and begin building in 2025 to have the first berth open in 2028.