Louisiana Transportation Authority Board Meeting
The Board discussed the proposal to privatize the Cameron Ferry service operated by LabMar Ferry Services, including an evaluation of the proposer's performance metrics and qualifications. The board formally certified that the privatization initiative serves a public purpose, considering factors such as reliability, regional transportation needs, and infrastructure requirements. Additionally, the board approved the proposal to proceed with the privatization, subject to the finalization of a comprehensive agreement and the establishment of transition plans for current staff. Updates were provided regarding the construction and delivery of new hybrid ferry vessels and feasibility studies for terminal expansion.