NEW ORLEANS - The Port of New Orleans (Port NOLA) will receive $73.77M from the federal government to assist in building the Louisiana International Terminal (LIT) project, which is designed to provide an efficient gateway for the movement of cargo on the Mississippi River and the inland waterways of the nation.
The U.S. Department of Transportation intends to award the funding through its MEGA Grant Program, which will support the first phase of the overall $1.8B project’s construction in addition to private industry funding commitments and Port NOLA.
This priority project garnered support from more than a dozen ports in six states and major trade and agriculture associations throughout the heartland of America.
The new state-of-the-art container terminal in Violet, La., will eliminate air-draft restrictions that limit the size of vessels that can currently call on the Port of New Orleans.
LIT will serve vessels of all sizes, dramatically increasing Louisiana’s import and export capacity while also fostering strategic inland growth. (Port NOLA 12/20/23) Port NOLA Awarded $73.77 Million U.S. DOT Grant for… | Port NOLA
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