The facility is in the early stages of development as a deepwater, multi-modal, container terminal in Plaquemines Parish, Louisiana, located on the Mississippi river just 80km from the Gulf of Mexico.
The agreement represents a formal discussion phase whereby both parties will conduct multiple studies prior to making a final investment decision.
It will encompass up to 1,000 acres and 8,200 feet of Mississippi River frontage. The proposed terminal will provide multimodal routing options to exporters and importers. The terminal will utilise a combination of LNG and electricity for power supply.
Phase One of construction is expected to last two years and will deliver the capability to handle 22,000-teu class vessels with the ability to expand capacity if needed.
“The appeal of Plaquemines protected river port location and export/import market strength makes this a very unique supply chain offering for customers and our growth ambitions. We look forward to working with PPHTD, their partners and with state and local leaders to ensure the port is set up for long-term success,” said Wim Lagaay, CEO of APM Terminals North America.
“Partnering with APM Terminals to work together on this project is a huge win for the State of Louisiana. Along with our partners American Patriot Holdings and Louisiana 23 Development Company, Plaquemines Port has engineered a logistics business model to attract private investment dollars and new cargo to Louisiana,” commented PPHTD Executive Director Sandy Sanders said,
Louisiana 23 Development Company, LLC (Devco), led by Chris Fetters, serves as the exclusive private development partner for Plaquemines Port by providing financial solutions and funding alternatives to support port development such as rail, warehousing and utilities.
American Patriot Holdings (APH), will provide marine transportation services to the Port’s inland partner network including St. Louis, Memphis, Joliet, Kansas City, Cairo, and Western Arkansas.
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