Reliable Funding Source for Port
By John Guidroz
American Press
A new state law is instrumental in making sure the Calcasieu Ship Channel remains dredged to its proper dimensions, Port of Lake Charles officials said Wednesday.
Act 332 partners the port, various local industries and the state to create the Calcasieu River Fund. The port, industry and the state will each contribute $3 million to the fund in its first year. Over the next four years, the state will contribute $5 million annually, with the port and industry each putting up $2.5 million annually. Funding will be allocated by the three-member Calcasieu Ship Channel Funding Management Board.