In this study Louisiana's Port Construction and Development Priority Program and the methodology utilized therein to evaluate capital investments are described. The program is designed to allocate state funds, with incentives for participation by public ports and the private sector. To ensure maximum participation by stakeholders, several measures were adopted at the program formulation stage, and continuing outreach efforts were made to assist ports throughout implementation of the program. The experience gained from operating this program is thought to be unique for several reasons: first, the multifaceted role of public ports both as commercial enterprises and as agents of economic development differs from the role of other public transportation providers, requiring adjustments in project appraisal methodology; second, competitive and cooperative postures among private and public port terminals raise unique policy dilemmas for public intervention in the market; and third, working with small to medium-size, semiautonomous local port authorities for program implementation requires various adjustments in policy prescriptions. Also discussed are the program provisions specifically designed to address these structural characteristics in the maritime sector. The evaluation methodology that was developed takes into account social, economic, environmental, and other impacts from the state's point of view. Over the initial 5-year period, 75 public port projects valued at about $166 million have been evaluated and funded. The program has been successful, with broad acceptance from public ports and the state legislature.


  • English

Media Info

  • Features: Figures; References; Tables;
  • Pagination: p. 26-33
  • Monograph Title: Issues in marine, intermodal, and motor carrier transportation
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00715631
  • Record Type: Publication
  • ISBN: 0309062047
  • Report/Paper Numbers: HS-042 023
  • Files: TRIS, TRB
  • Created Date: Jan 23 1996 12:00AM