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There are 2-Class I railroads, Burlington Northern Santa Fe (BNSF) and the Union Pacific (UP) that serve the parish and a short line that accesses the major industrial areas. There is a four-lane interstate quality highway US 90 (future I-49) that parallels the railroads. Generally these sites are leased.
The P3 project is a 50-year agreement between the Maryland Port Administration (MPA) and Ports America Chesapeake to lease and operate the 200-acre Seagirt Marine Terminal. The Port currently has service by two Class I railroads, Norfolk Southern and CSX—both offer double-stack service to critical manufacturing and population centers.
The federal Bureau of Land Management, which has subsurface mineral rights for much of the Monterey shale field, in December sold about 15 leases for thousands of acres of potential shale development in California. It is anticipated that the Draft EIR will be brought before the Planning Commission for certification in March 2013.
Located on the lower Mississippi River between New Orleans and Baton Rouge, the Port of South Louisiana, Grantee FTZ 124, is a multi-modal port with deep water access, three trunk line railroads, easy access to Interstates and major highways and the Port’s Executive Regional Airport. These ports are home to liquefied natural gas facilities.
With 32 ports statewide, Louisiana offers six deep-draft ports capable of transferring large quantities of cargo, is one of only two U.S. states with service to all six Class I railroads, and offers more than 7,300 miles of oil pipeline and 11,200 miles of gas pipeline. Already the nation’s No. 2 crude oil producer and No.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations.
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