NOLA Funding Boost

A new container terminal project being planned by the Port of New Orleans (NOLA) has had funding reinstated. The news follows a recent contentious decision by legislators in Louisiana to remove financial support. According to released budget documents, the port has already spent US$55 million on land acquisition and US$6.5 million for design and will now receive a further US$13.5 million to cover expenses for the ‘final design phase.’