Port of Lake Charles to receive funding for new sheds - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Port of Lake Charles to receive funding for new sheds

LAKE CHARLES, LA (KPLC) - The Port of Lake Charles will see funding come in from the state for its shed improvement project.

During its monthly meeting Monday, the Lake Charles Harbor and Terminal District voted to enter an agreement to receive partial funding.

That's thanks to the Port Priority Program. The program allows for ports that benefit their area economically to receive reimbursements for renovation projects.

The Port of Lake Charles embarked on a $19 million project in 2013 to create new sheds that can handle newer types of cargo. It's an improvement Executive Director William Rase said needed to happen.

"Cargo's changed from fifty years ago when these sheds were built. Types of cargo have changed, so the sheds need to be upgraded and changed also," Rase said.

The state will fund almost half of that money, but not immediately, said Richert Self, director of administration and finance.

"Of the 9.6 that we've been approved for this project, they have five million, and so we would anticipate the other 4.6," Self said.

This has happened in the past Self said, and the full reimbursement is expected from the state. There is no timeline on when the other $4.6 million will come in.

Rase said the port's renovations will pay for themselves.

"Over time, we think we're going to move FDF, which is one of our main tenants here at the port, so they'll cover the expense fairly quickly over a number of years," Rase said.

Copyright 2014 KPLC. All rights reserved.

Powered by Frankly