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6/11/2024
Louisiana Gov. Jeff Landry and the State Legislature have committed $230.5 million to Port of New Orleans (NOLA) infrastructure projects, port officials announced yesterday.
The projects include the port’s new downriver container terminal, the Louisiana International Terminal (LIT) and the St. Bernard Transportation Corridor, which is envisioned to connect the $1.8 billion LIT to the interstate system, port officials said in a press release.
LIT received $10 million in direct state general funding and $140 million in Priority 5 state funding that will support design and construction activities. An additional $50 million in state funding remains secured to support construction of the St. Bernard Transportation Corridor, as well as $30.5 million for rehabilitation, planning and construction of the St. Claude Bridge.
“These critical infrastructure projects will solidify Louisiana’s position as the premier global gateway in the Gulf, ensure thousands of jobs as well as long-term economic growth for the region and state,” said Ronald Wendel Jr., Port NOLA’s acting president and CEO, and the acting CEO of the New Orleans Public Belt Railroad.
The $230.5 million state commitment is in addition to $300 million in landmark federal funding awarded to Port NOLA earlier this year to assist in building LIT. That is the largest federal investment in a new container terminal in the history of the U.S. Department of Transportation, the release said.