Maritime Companies Partner With Louisiana to Invest in Future Container Facility Terminal

Crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans on June 23, 2010. Sean Gardner/Reuters

Port companies in New Jersey and Switzerland have committed $800 million to build a $1.8 billion container facility in Louisiana.

The two global maritime companies are partnering with the state of Louisiana and the Port of New Orleans (Port NOLA) to build the Louisiana International Terminal in St. Bernard Parish in Violet, Louisiana, according to Gov. John Bel Edwards on Monday.