(ICE) - ROMA, 16 APR -

Macquarie Principal Finance has agreed with the Harbor Performance Enhancement Center to provide funds for the $130 million development of a 5.5 million-square foot container staging hub at the port of Los Angeles.

The project will get built on 110 acres of land.  When completed, the hub will take 3,500 daily truckloads.  The project is expected to increase efficiency at the port, which along with Long beach, supports 42% of all U.S. imports