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October 12, 2018

Funding released for Cairo river port terminal in Illinois, US

A sum of $1m in capital funding has been released for the planned river port terminal in Cairo, Illinois, US.

A sum of $1m in capital funding has been released for the planned river port terminal in Cairo, Illinois, US.

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Illinois State Senator Dale Fowler (R-Harrisburg) said that the funding demonstrates the state’s effort to revive the area and bring jobs to the region.

Fowler said: “Southern Illinois has such potential that has gone unrecognised and underutilised for too long.

“This port is a path forward for recovery, capitalising on Cairo’s location and creating the potential for future economic growth.”

The proposed terminal will be situated at the confluence of the Mississippi and Ohio rivers.

Following completion, the facility is expected to create a land-accessible transportation hub due to its close proximity to the Canadian National Railroad connecting Chicago with New Orleans, as well as three major Illinois interstates.

Fowler further added: “We know that developing a river port terminal would create widespread opportunity for business development and industry expansion.

“This port is a path forward for recovery, capitalising on Cairo’s location and creating the potential for future economic growth.”

“If we create this port authority, businesses will come, revenue will be generated, and jobs will be created.

“This funding marks a major milestone for this project, signalling that progress is underway.”

Alexander-Cairo Port District revealed that over a dozen companies showed interest in the Cairo riverport project.

The project is expected to use all of its capital funding by June and intends to complete permitting procedures within 24 months.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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  • Industry environment
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