Canaveral takes off

By HeavyLiftPFI2014-06-24T00:00:00+01:00

June 24 - Port Canaveral has signed a 35-year agreement with Gulftainer USA to operate and further develop its container and multipurpose cargo terminal.

Gulftainer will strengthen the terminal, which is set to commence operations in the last quarter of 2014, through a USD100 million investment in infrastructure, equipment and staff.

The new container and cargo terminal is expected to contribute more than USD630 million to the local economy, USD280 million in revenue to Port Canaveral, and generate more than USD350 million in tax contributions.

John Wash, ceo of the Canaveral Port Authority, and Badr Jafar, chairman of Gulftainer's executive board, signing the agreement.

www.portcanaveral.com

www.gulftainer.com

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