Plaquemines Port Harbor has announced an initial agreement for a new container terminal in Plaquemines Parish in Louisiana, United States.
A Letter of Intent (LoI) leading to the development of a multi-modal, state-of-the-art container terminal in the region was recently signed by Plaquemines Port Harbor and Terminal District (PPHTD) and several potential partners.
The signing of the LoI kicks off a six-month “Due Diligence” period during which the parties will conduct multiple studies prior to making a final investment decision.
The proposed, environmentally friendly container terminal will be powered by a combination of LNG and electricity, according to an announcement. It will also encompass up to 4 million m2 and 2,500m of Mississippi River frontage approximately 80km from the Gulf of Mexico.
Phase one of construction is expected to take as little as two years and will deliver the capability to handle 22,000TEU class vessels with the ability to expand capacity if needed.
Once the terminal is operational, US Midwest shippers will be able to containerise and export many agricultural products, refrigerated cargo and chemical resins thanks to American Patriot Holdings (APH), one of the companies that signed the LoI.
“This will be the gateway port on the Gulf Coast capable of taking full advantage of the distribution network on the Mississippi and tributary rivers while reducing road congestion in the region and accommodating LNG-powered vessels to enhance environmental sustainability,” Plaquemines Port executive director, Sandy Sanders stated.
Developing and operating a modern gateway container terminal on the Gulf Coast will reduce exposure to congestion and improve reliability, said Plaquemines Port in its announcement.
The proposed LNG terminal will be adjacent to the terminal facility and opens the door for large LNG-powered containerships, according to a statement.
Another key player, Louisiana 23 Development Company, LLC (Devco), led by Chris Fetters, was selected as the exclusive private development partner for Plaquemines Port in December 2019. Devco will provide financial solutions and funding alternatives to support the container terminal development.
The company will be responsible for funding and constructing critical infrastructure including rail, warehousing and utility services.
