Gov. John Bel Edwards has announced a historic public-private partnership between the state of Louisiana, the Port of New Orleans and two global maritime industry leaders to build a $1.8 billion state-of-the-art container facility on the Lower Mississippi River.

The new Louisiana International Terminal (LIT) in St. Bernard Parish will be able to serve vessels of all sizes, dramatically increasing Louisiana’s import and export capacity and stimulating the creation of more than 17,000 new jobs statewide by 2050, Port NOLA estimates.