The Diamond State Port Corporation (DSPC), a corporate entity of the State of Delaware (US), has launched a tender process to seek qualifications for a potential PPP to improve, develop, finance and/or operate via long-term concession arrangements, its port and related infrastructure.

The project will include the Port of Wilmington, which is mainly on the Christina River at its confluence with the Delaware River, and the brownfield facility known as Edgemoor. DSPC recently purchased Edgemoor site for an expansion.

The port is a full-service deepwater port and marine terminal handling about 400 vessels. Annually with an annual import/export cargo tonnage of more than 6 million tons.

Also available for potential expansion as part of an integrated multi-modal transportation facility are two sites unowned by the DSPC: the greenfield facility known as Riveredge, and the industrial real estate site known as Boxwood.

The DSPC’s mission in entering this P3 is three-fold:

• Create family-sustaining jobs that in turn generates positive economic impact
• Minimize impact for the taxpayers of the State of Delaware
• Serve the existing customers of the Port, as well as related businesses that are responsible for its ongoing success and growth.

The decision of the DSPC to embark in a P3 arrangement was based on the findings derived from the DSPC’s Strategic Port Master Plan.

The deadline for submitting proposals is May 31 and DSPC expects to select its P3 partner in September 30.

For further information, visit our business opportunities' section.