MPA Recommends Sea Point for Phase One of Millennium Port

Thursday, October 31, 2002
The Milennium Port Authority (MPA) voted unanimously 9-0 to recommend New Orleans-based Sea Point as an element of the first phase of the Louisiana Millenium Port System. Once completed, the Sea Point Project is expected to generate $2.9 billion in annual economic impact and thousands of jobs in South Louisiana, according to a joint study by timothy Ryan of the University of New Orleans and Dr. Loren Scott of Louisiana State University. In addition, Ryan and Scott estimate that the Sea Point Project will create 18,000 new jobs by 2013. The project will also generate more than $39 million in annual state tax revenue and nearly $31 million in annual local tax revenue within 10 years of the beginning of operations. The Sea Point Facility will be constructed 12 miles above the Head of Passes on the Mississippi River. Once operations, Sea Point will serve as a transfer station that will allow large, ocean-going vessels to load and unload their container cargo at the mouth of the Mississippi River. This strategy will save shipping lines valuable time and expense. Container cargo from these large vessels will be sorted into barges that can be transported to ports throughout Louisiana. This cargo can be redistributed to inland destinations by truck, rail or barge.
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Cargill: 50,000T of Sugar Affected by Brazil Fire

Approximately 50,000 tonnes of sugar were stored in a warehouse affected by fire in the Teag terminal in Brazil on Monday, Cargill Inc said in a statement. The terminal,

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

'New Tango' Brings More Post-Panamax Ships to Charleston

New service expands Port of Charleston's capacity to serve North-South trade The SC Ports Authority today received the first ship call of a new consolidated

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pipelines Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1471 sec (7 req/sec)