Missouri River Terminal to be developed through Public-Private Partnership
KANSAS CITY, Mo. (Aug. 27, 2018) – On August 27, 2018, the Port Authority of Kansas City, Missouri, (Port KC) Board of Commissioners approved the selection of Nossaman LLP and John Smolen, lead partner on the project, to advise Port KC staff in the formation of a successful Private Public Partnership (P3) to develop Missouri River Terminal (MRT). This is the latest step in Port KC’s plan to transform 415 acres of land along the Missouri River, which is the site of a former steel mill, into a full-scale inland intermodal port.
“We were pleased to approve the engagement of Nossaman LLP on this project, and we look forward to their inclusion in our team as we move forward with this transformative project,” said Dana Gibson, Chairman of the Port KC Board of Commissioners.
Port KC has determined the P3 model provides the greatest potential to create an intermodal inland port and sought to obtain expert services from the project’s inception. Port KC was pleased to receive proposals from 11 nationally and internationally known firms. Nossaman was selected after a rigorous process for its extensive P3 experience and additional knowledge of port, rail and related infrastructure.
“We were very excited to receive such qualified proposals,” said Mark Coulter, Vice President and General Counsel for Port KC, “We know the project has tremendous potential, which was underscored by the responses and competition from the submissions.”
Smolen, a Kansas City native, added “Nossaman is grateful for the opportunity to help Port KC with its vision for this ambitious project, and I am personally grateful for the opportunity to help out my hometown.”
Port KC anticipates the next step will be to seek a financial adviser and begin the pre-procurement process with Nossaman’s assistance.