Image: Port NOLA The Port of New Orleans (Port NOLA) reports that it is set to begin the due diligence process for a potential $1.5 billion multimodal container terminal to serve the largest container vessels calling in the Gulf of Mexico. Following unanimous approval at yesterday’s Regular Meeting of the Board of Commissioners, Port NOLA intends to acquire property in St. Bernard Parish and begin a two-year due diligence and permitting period that will include robust community engagement. Port NOLA says the major economic development project would serve industry investments throughout the State of Louisiana and attract business to St. Bernard Parish, New Orleans East, Jefferson Parish, the North Shore and parishes along the Lower Mississippi River.