Louisiana 23 Development Company
Louisiana 23 Development Company was established to respond to the need for developing port and marine infrastructure through alternative finance and funding from conventional and previous projects in the region.
The Plaquemines Port Harbor and Terminal District (PPHTD) published a Master Plan in 2009 that called for the construction of a global port facility along the first 100 miles of the Mississippi River. The Master Plan details the geographic relevance, economic influence, and potential job creation to support the future increase in cargo through the Gulf of Mexico due to the expansion of the Panama Canal and increase in global transportation vessels.
The development of the PPHTD Master Plan is being coordinated as a Public Private Partnership (PPP), where PPHTD serves as the landlord of an over 9.000 acre facility. LA23 and its financial partners provide alternative funding and manage the identification, permitting, and initial engineering design. This philosophy allows for the creation of jobs, lease payments, and local tax revenues without the contribution of public tax dollars. The PPP modal leverages the advantages of both the Public and Private entities.
The Gulf Gateway Terminal will be the southernmost, full service multi-modal port facility on the Mississippi River, and serve as an intermodal connector to Mid-America for container, bulk, break bulk, and roll on/roll off cargo.
Utilizing all transportation modes – marine, rail, road, air and pipeline – The Gulf Gateway Terminal will be a sustainable, economic generator that delivers new jobs, revenue, and economic opportunities for Plaquemines Parish. LEARN MORE
FACTS AT A GLANCE
The Gulf Gateway Terminal full build out will comprise of:
- More than 4,700 acres of available land.
- More than eight miles fronting the Mississippi River.
- Three mega ship berths, each with depth capacity ranging from 55-58 feet.
- A total of five vessel berths.
- Fifteen next generation gantry cranes
- An inter-modal cargo container transfer facility capable of handling seven -unit trains
- Environmental preservation and mitigation areas.
- Various bulk operations.
- Secondary handling/industrial support facility.
- Commercial air cargo terminal.
Centrally located where the Mississippi River meets the Gulf of Mexico, Plaquemines Parish is the epicenter for the offshore oil and natural gas industry, petrochemical refineries, and coal transfer terminals.
An abundance of natural resources, undeveloped land, miles of deep draft water frontage, comprehensive transportation networks, and a capable workforce makes Plaquemines the ideal location for the Gateway Terminal. LEARN MORE
REGIONAL ECONOMIC BENEFITS
The Gulf Gateway Port will create jobs and new business opportunities for the Gulf South. With access to 34 states via the Mississippi River, the port will provide the critical link for an integrated multi-modal network that will improve connectivity for international trade partners.
- Creation of more than 8,000 new jobs.
- Median salary of $60,000.
- Additional $240 M of local tax contribution over 10 years. (Source: Dr. Loren Scott, 2017)