Port of Iberia Expansion

The Port of Iberia is in the final stages of acquiring approximately 146 acres for expansion. According to Port’s Executive Director, Craig Romero, they are purchasing 106 acres of property for $5.5 million. This property was previously appraised ranging from $8 to $16 million. “We getting a great deal,” stated Romero. The other 40 acre expansion will include new canal construction giving more access to the Port of Iberia. Romero said, “We have two companies interested in both sites who have reserved first right of refusal. We are looking into establishing a foreign trade zone on the property as well as making infrastructure improvements. If these companies choose the Port of Iberia they will enhance what we already do here.”