- Associated Press - Friday, May 27, 2016

CAMERON, La. (AP) - Construction is set to begin this fall on a $1.5 billion deepwater staging port in Cameron.

The Advocate reports (http://bit.ly/1WZnQLU) Port Cameron LLC plans to begin the first phase of the four-year project in November.

Real estate services firm JLL Houston will lead the leasing efforts for the facility.

The first phase, which will be on 500 acres on the Calcasieu Ship Channel, with available space for future expansion, is scheduled to be complete around fall 2017.

Director of Operations Ted Falgout said in a statement from JLL that Port Cameron provides companies convenient access to offshore installations in the Gulf of Mexico.

A study from consulting firm Loren Scott Associates says the port will generate about $2.8 billion in sales and 10,000 jobs for Louisiana when fully leased.

___

Information from: The Advocate, http://theadvocate.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide