Wednesday, August 09, 2006

Port of Corpus Christi signs pact with Spanish firm to develop terminal

San Antonio Business Journal - 2:18 PM CDT Wednesday

The Port of Corpus Christi plans to commit $83 million to develop a new container terminal along the Gulf Coast. The Port of Corpus Christi is in negotiations with Dragados-S.P.L. in Madrid, Spain, toward a definitive construction and long-term concession agreement for the La Quinta Trade Gateway Container Terminal.

The Port of Corpus Christi plans to secure the $83 million in funds from a range of sources, including project revenue bonds, state and federal grants, available cash, proceeds from the sale of general obligation bonds, private investors and federal loan programs.

Under this plan, the Port of Corpus Christi would own the terminal while Dragados-S.P.L. would manage it under a long-term partnership.
Dragados-S.P.L. has developed international port operations throughout Spain, South America, France, Portugal, Italy, Morocco, Chile, the Dominican Republic and China.

The company has operations in port operation, shipping, transit, combined transport and specialized logistics.

George Eliot


Blogger Frances said...

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10:32 PM  

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