Port NOLA provides update on LIT

NEW ORLEANS - The Port of New Orleans provided an update on the progress of the Louisiana International Terminal (LIT) in St. Bernard Parish, including investments in sustainability, infrastructure, and a new terminal design addressing community input on traffic, neighborhood buffers and drainage. The $1.5B container facility on the Lower Mississippi River near Violet, La., will serve larger container vessels coming online. Without a terminal downriver, the state may lose to competing ports, which was analyzed in an earlier economic study. If Louisiana doesn't become “big-ship ready,” nearly 10,000 existing jobs and over $10B in output could be lost in a decade. If Louisiana wants to remain in the container shipping business, then the Louisiana International Terminal must be built, said Port NOLA President and CEO Brandy D. Christian. The terminal is undergoing a multi-year design and permitting process, with construction slated to in 2025. The first berth is slated to open in 2028. Port NOLA in final negotiations private partners in the ocean carriers and terminal operator businesses who will be making high-dollar investments in the project. (NOLA.com 10/27/22) Port NOLA | Port of New Orleans Unveils Design Updates to the…