PORTS America and Terminal Investment Ltd (TIL) have formed a partnership with the Port of New Orleans to build a new 1.8-billion-dollar terminal at the Gulf Coast port.
The US operator and TIL, owned by MSC, are going to invest 800 million dollars in developing the international terminal. The joint venture will manage the terminal once construction is completed.
The new terminal will have an annual capacity of 2 million TEUs. The project is currently in the design and approval phase of the environmental review process.
Translation by Giles Foster
