GLPC Signs Agreement with Corps of Engineers
- Business & Finance
The Greater Lafourche Port Commission (GLPC) is moving forward with its plans to develop the next generation of deepwater port facilities at Port Fourchon.
A separate Memorandum of Understanding between GLPC and the U.S. Army Corps of Engineers (USACE), New Orleans District, was signed recently after nearly two years of discussion and negotiation, allowing GLPC to conduct a study to determine the feasibility of a deeper draft channel into Port Fourchon.
Coupled with the Corps study, this new property agreement will usher in a new era of growth for the port.
The USACE study is set to consider deepening the main channel of Bayou Lafourche through Belle Pass, from its intersection with Pass Fourchon out into the Gulf of Mexico, to a depth of between 35 and 50 feet and to a distance of approximately six miles.
The study will also look at the economics of developing the Fourchon Island area as a rig repair and refurbishment facility, which will presumably enable Port Fourchon’s tenants to bring in deepwater rigs and assets for significant maintenance and repair work which can only be accommodated currently in other states or overseas.
This next-generation project will add up to about 900 acres of slips and industrial land when fully developed.