THE Port of New Orleans (Port NOLA) has been awarded US$73.77 million by the federal government to support the construction of a major new container terminal on the Mississippi River. The funding will be provided through the US Department of Transportation’s MEGA Grant Programme and will be used for the first phase of the $1.8 billion Louisiana International Terminal (LIT) project. The terminal is expected to handle between 180,000 and 280,000 containers in its first year, with throughput...