(The Associated Press circulated the following on March 31, 2011.)
LAKE CHARLES, La. — An international agribusiness investment firm has signed the final agreements to build a $59.2 million grain export terminal at the Port of Lake Charles.
The terminal being developed by New York-based IFG Port Holdings LLC will handle rice, wheat, corn, soybeans and dried grain for overseas shipment. Gov. Bobby Jindal said Thursday that the project is expected to create at least 36 direct jobs.
The investment firm said it expects to begin construction immediately.
Union Pacific Corp. chief executive Jim Young said the railroad would spend up to $6 million to improve rail connections to a new bulk grain elevator at the port.
The full story is at www.forbes.com.