An agreement has been made between APM Terminals (APMT) and Plaquemines Port to discuss the future of the Plaquemines Port Harbour and Terminal District (PPHTD).
As part of the agreement, APMT will be considered as the future terminal operator of the facility which is in the early stages of development as a deep water, multi-modal container terminal.
Located in Louisiana on the Mississippi river just 50 miles from the Gulf of Mexico the gateway port would cater to exporters and importers who could tap into the multimodal routing options from rail, truck and barge.
Wim Lagaay, CEO of APMT North America, said: “The appeal of Plaquemines protected river port location and export/import market strength values makes this a very unique supply chain offering for customsers 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.”
The agreement represents a formal discussion phase whereby both parties will conduct multiple studies prior to making a final investment decision.
The proposed, environmentally friendly terminal will be powered by a combination of LNG and electricity and encompass up to 1,000 acres and 8,200 ft of Mississippi river frontage.
Special focus will be put on utilising modern infrastructure technology for withstanding storm surge and wind damage.
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 expand if needed.
PPHTD executive director Sandy Sanders said: “Partnering with APMT 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.”
Louisiana 23 Development Company, 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 will provide marine transportation services to the port’s inland partner network including St. Louis, Memphis, Joliet, Kansas City, Cairo and Western Arkansas.