The Port of New Orleans says major progress is being made on the planned $1.5 billion container facility that will be built in St. Bernard Parish, and on Oct. 27 released updated designs based upon input gathered from the community, reports Fox 8 News.
The Louisiana International Terminal eventually is expected to create more than 17,000 direct and indirect jobs and generate $1 billion in new tax revenue for the state and $470 million for St. Bernard Parish.
The port and GNO Inc. said Louisiana needs the facility to accommodate newer and bigger container vessels that cannot navigate under the Crescent City Connection bridge. Without it, they say Louisiana will lose shipping business to Texas and Alabama. Read the entire story.