DP World launches US$760m Port of Caucedo and Free Trade Zone expansion project
DP World has signed a US$760m Memorandum of Understanding (MoU) with the government of the Dominican Republic to expand the Port of Caucedo and its Free Trade Zone.
The agreement, signed with the ministry of industry, commerce and MSMES (MICM), initiates negotiations that will raise Caucedo’s container handling capacity from 2.5m teu to approximately 3.1m teu, while unlocking 225 ha of development-ready land for the Free Trade Zone.
The new investment will be split evenly with US$380m for the port, including the expansion of the quay and breakwater to accommodate next-generation vessels and general cargo operations, new ship-to-shore (STS) cranes, yard equipment, advanced surveillance systems and security infrastructure, and upgrades to gates, roads and automation systems.
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