APMT announced the execution of a letter of intent for the terminal with the Plaquemines Port Harbour and Terminal District (Plaquemines Port), which had selected AMPT to operate the planned deepwater terminal. Plaquemines Port will lease the land to APM Terminals under a 30-year agreement with extension options. Related: APM terminals completes land purchase for Suape terminal APM Terminals estimates the initial investment in terminal infrastructure will be approximately $500 million, which will be privately funded. The initial phase will encompass 200 acres, on-dock rail, and a berth capable of handling the largest ships now…
