APM Terminals (APMT) and Plaquemines Port will work together to discuss the future design of the Plaquemines Port Harbor and Terminal District (PPHTD).
In a statement, APMT said the project is in the early stages of development as a deep water, multimodal, state-of-the-art container terminal in Plaquemines Parish, Louisiana.
Located 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.
The terminal operator said the agreement represents a formal discussion phase where both parties will conduct multiple studies prior to making a final investment decision.
The proposed terminal will be powered by a combination of liquified natural gas (LNG) and electricity.
It will encompass up to 1,000 acres and 8,200 feet of Mississippi River frontage and there will be a special emphasis placed on utilising modern infrastructure technology for “withstanding storm surge and wind damage”.
Phase One of construction is expected to last two years and will enable the Port to handle vessels with a capacity of 22,000 TEU and further space to expand.
Wim Lagaay, CEO of APM Terminals North America said, “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.”
Sandy Sanders, Executive Director, PPHTD, said, “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.”