Plaquemines Parish, LA
The Louisiana International Gulf Transfer Terminal (LIGTT) Authority anticipates release of an RFQ/RFP seeking developers for a multi-use deep water transfer terminal located approximately 2.5 miles off the east shore of Southwest Pass, encompassing 2,238 acres of state-owned water bottoms presently leased by the Authority. The RFQ/RFP release will be hosted at the Authority website. www.ligtt.com. Interested parties may request email notification of the release by submitting such request to the Executive Director.
The Louisiana International Deep Water Gulf Transfer Terminal Authority, a political subdivision of the State of Louisiana was created pursuant to and by Act No. 699 of the 2008 Regular Session of the Louisiana State Legislature enacting Chapter 49 of Title 34 of the Louisiana Revised Statutes of 1950 (La. R.S. 34:3491, et seq.). The project, through the Authority, is authorized to issue revenue bond and notes providing a unique opportunity for project developers.
Louisiana has established itself as the national leader for international trade but there is still a significant opportunity to expand capacity. The Mississippi River deepening project will offer the opportunity to expand capacity, however, as capacity increases, pressure upon existing infrastructure will increase proportionally.
The primary objective of the LIGTT is to expand solutions for the nation’s infrastructure challenges resulting from fundamental changes in the character of international trade by constructing an advanced midstream transfer and logistics “hub-and-spoke” system located in the Gulf of Mexico bordering federal waters. This system will serve as a value-added and viable route-to-market for dry bulk, liquid bulk, LNG, containerized cargo, and any other business model deemed viable by the market and private investment interest. The project is expected to have significant economic development opportunities for the Developer and the State of Louisiana through the numerous opportunities that may be leveraged against market conditions.
The Authority will grant to the Developer and its affiliated entities the exclusive right to plan, permit, engineer, design, finance, construct, operate, and maintain terminal facilities to be constructed in deep water with private financing. The Developer will be subject to Sub-Lease payments to the Authority and a portion of revenue derived from the LIGTT Project during the term of the Sub-Lease, the details of which will be negotiated and set forth in the Development Agreement.
Contact: Crystal Hutchinson, Executive Director. Direct inquiries to email@example.com