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CPRA Announces Alternative Financing Plan for Houma Navigation Canal Project

December 9, 2020

BATON ROUGE, LA — Today, the Louisiana Coastal Protection and Restoration Authority (CPRA) announced the Houma Navigation Canal (HNC) Lock Complex Project is advancing to construction using an alternative financing solution. CPRA is utilizing recent legislative authority via Act 89 of the 2020 Regular Legislative Session, giving CPRA the authority to finance coastal restoration projects by entering into debt obligations within the regulatory and oversight process of the State Bond Commission set out in existing law.