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US290 million state
US290 million state-of-the-art
facility operated by
CSX World Terminals
2004, April 21: The
Caucedo terminal, the Dominican Republic’s
ultra-modern container facility, is already receiving eight ships a week from
the 12 Lines serving the port.
The US$290 million container terminal, built on a
green field site, was officially declared open in a ceremony last week (April
15), but has been receiving ships since December last. It has the capacity to
move 500,000 containers a year, with yard storage for up to 9,500 40-foot boxes.
Located in Boca Chica, just 10 minutes from Las
Americas International Airport, the port is expected to be a major
Caribbean transshipment hub. Expectations are that the country’s central
location in the north-south and east-west sea lanes will present a competitive
advantage.
Phase 1 of the development includes 50 hectares
(123.5 acres) of terminal area and 600 metres of deepwater berth, dredged to 14
metres (46 feet). The area has just over 1.1 kilometres (0.68 miles) of sea
front. Equipment includes five post-Panamax gantry cranes. A free trade zone
park will be developed next to the container terminal and will allow direct
access to both the new container terminal and the Las Americas International
Airport.
It is operated by
CSX World Terminals, a North
Carolina-based port operator and one of the biggest marine transport companies
in the United States.
Dominican partners Samuel Conde, Manuel Tavares
and Jaak Rannik explained that Caucedo’s port will be able to compete
internationally because of its efficient cost structures and flow of operations.
Andrew Fogarty, president of CSX World Terminals, said that the inauguration of
the port marks the beginning of an era of economic dynamism in the Dominican
Republic, allowing direct and frequent shipping to places as Miami, Puerto Rico
and Jamaica.
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