he Bayou Bridge pipeline will provide jobs and generate revenue to local and state tax authorities. The project is estimated to provide the following local benefits:
- Reduce truck, rail and waterborne crude oil transportation, which will increase the overall safety to the public and the environment.
- Provide long- and short-term economic benefits to areas affected by the project via the consumption of goods and services.
- Provide additional income to residents via right-of-way compensation.
- Create jobs via construction and increase service jobs that support the construction workforce staying in local hotels, eating at the local restaurants and purchasing goods and services from the local businesses.
- Create long-term jobs to operate pipeline and facilities.
- Create long-term tax benefits to communities and state via annual property taxes.
The farming industry is very important to the state’s economy and without crude oil there would be no farming — no diesel fuel, lubricants for fertilizers, or the many other hydrocarbon applications for agriculture. The Bayou Bridge Pipeline goes hand-in-hand with Louisiana’s farming industry and this pipeline will provide increased quantities of crude to the refineries in the state. The refined products will then be used in products that support Louisiana’s important farming industry that helps drive the economy.
Other economic benefits from the Bayou Bridge Pipeline include revenue to the state and local communities from spending associated with the construction workforce staying in local hotels, eating at the local restaurants and purchasing goods and services from the local businesses located near and along the project. Additional spending will occur for skilled and non-skilled labor associated with professional services such as engineering, real estate, legal services and surveying, not to mention permanent operations staff. This investment and resultant increase in jobs for the local and regional workforce translates into long-term wages and salaries that in turn result in increased income tax revenues to the state and local communities.
- $750 million – Approximate total infrastructure investment
- $1.8 million – Estimated property taxes during the first year the pipeline is in service
- $17.6 million – Estimated sales tax generated during construction
- 2,500 – Estimated construction jobs