Gulftainer signs terminal concession with Port Canaveral

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Gulftainer signs terminal concession with Port Canaveral

The Emirati operator Gulftainer, a subsidiary of Crescent Enterprises, has signed a 35-year concession with Port Canaveral to manage its container and multi-purpose cargo terminal located in Brevard County, Florida, United States.

The company has committed to invest US$100 million in infrastructure, equipment and human capital throughout the concession period. The Port Canaveral terminal is set to commence operations in the fourth quarter of this year and it is expected to contribute US$280 million in revenue.

 Badr Jafar, CEO of Crescent Enterprises, stated:

By bringing Gulftainer's UAE-grown expertise and global relationships to Port Canaveral, we aim to create a new efficient and secure gateway for goods entering and leaving the southern Atlantic coastline of America.

John Walsh, CEO of Canaveral Port, stated:

With work on the widening and deepening of the Canaveral Harbour currently in progress, the new container and multi-purpose cargo terminal will further underscore our credentials as one of the most important economic engines for our region. The arrival of larger ships and increased cargo handling will add significant value to Florida's economy. Ports operated by Gulftainer are ranked first in Europe, Middle East and Africa and third globally in productivity by the Journal of Commerce Port Productivity Report 2013.

Port Canaveral is a cruise, cargo and naval port in Brevard County, Florida, United States. As a deep water cargo port, it has a high volume of traffic. Over 2,700,000 tons of bulk cargo moves through each year. Common cargo includes cement, petroleum and aggregate.

There is 70,000 m2 of covered freight storage capacity. The port exports fresh citrus; bulk frozen citrus juice stored in one of the largest freezer warehouses in the state; cement and building materials. The port receives lumber, salt for water softening, automobiles, and steel sheet and plate.

List of country news

Country news

  • July 01, 2014

    Michigan State University issues RFP for P3 project

    Michigan State University (MSU) has issued a request for proposals (RFP) to develop its planned biomedical research center PPP project in Grand Rapids, Michigan, USA. Read more
  • July 01, 2014

    SH-130 concession faces bankruptcy

    According to a June 18 report from Moody's Investors Service, the SH-30 concessionaire is not attracting sufficient traffic to pay their bank loans. The operator of the road with the highest speed limit (85 mph) in Texas and in the United States is in financial trouble. Read more
  • July 01, 2014

    GIP seeks to raise $2.5 debt infrastructure fund

    Global Infrastructure Partners (GIP), the infrastructure focused private-equity firm run by former Credit Suisse banking head Adebayo Ogunlesi, is seeking to raise $2.5 billion for an infrastructure debt investment fund. Read more
  • July 01, 2014

    Cintra achieves commercial close on I-77 P3 project

    Ferrovial, through a consortium led by its subsidiary Cintra Infraestructuras, has achieved commercial closure with the North Carolina Department of Transportation (NCDOT) for the design, build, finance, operate and maintain 26 miles (41.8 kilometres) of the I-77 in North Carolina (USA). Read more
  • July 02, 2014

    Colorado seeks P3 legal consultants for I-70 project

    The Colorado High Performance Transportation Enterprise (HPTE), a division of the Colorado Department of Transportation (CDOT), along with the CDOT Office of Major Project Development and the Bridge Enterprise has issued a requests for proposals (RFP) from qualified firms interested in P3 counsel services for the Interstate 70 East PPP project. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.