The Port of New Orleans has secured $800 million toward a planned $1.8 billion container facility on the Lower Mississippi River.
The Louisiana International Terminal facility, which will be capable of handling 2 million twenty-foot equivalent units (TEUs) annually, recently received funding from Ports America and Mediterranean Shipping Company investment arm Terminal Investment Limited (TiL).
Construction of the terminal will also be supported by commitments from the Port of New Orleans, as...