Mon December 21, 2020 - Southeast Edition
CEG
The Houma Navigational Canal Project is advancing to construction using an alternative financing plan.
Louisiana officials have announced that construction on a $366 million flood protection project will begin using an alternative financing plan approved by the state legislature earlier this year.
The
Louisiana Coastal Protection and Restoration Authority (CPRA) said Dec. 9 that the plan will be used for the flood-protection lock project in the
Houma Navigation Canal (HNC). It will allow the agency to incur debt or issue bonds to pay for projects. The lock will play a critical role in Terrebonne Parish s hurricane protection system.