Missouri– The Port Authority of Kansas City (Port KC) Board of Commissioners approved the selection of a private firm to be the lead partner on a public-private partnership (P3) project. The firm will advise Port KC staff in the formation of a successful P3 to develop the 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.
The 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 anticipates the next step will be to seek a financial adviser and begin the pre-procurement process with the selected firm’s assistance.