Independent journal on economy and transport policy
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Global Ports Holding will operate cruise operations in the Puerto Rican port of San Juan
Planned investments of over 400 million dollars
August 18, 2022
The concession contract, signed at the end of a tender started in 2017, has a duration of 30 years and provides for GPH to pay in advance 75 million dollars to the port authority of Puerto Rico and invests in a first phase about 100 million dollars in the modernization of infrastructure, in particular piers 1 and 4 which are intended for both cruise passengers in transit and to the home port function, i.e. the point where passengers start and end the cruise.
There will also be a second phase of investments that will be activated on the basis of pre-established criteria, including the recovery of cruise traffic to pre-pandemic levels. In this additional GPH phase will invest approximately 250 million dollars to upgrade the cruise port by building a new pier and a home port terminal at piers 11 and 12, currently used for the landing of building materials.
GPH will start operations in Puerto Rico during the second half of its financial year 2023 which it will end on March 31st. In the Caribbean the group already manages cruise activities in the port of St. John's, Antigua and Barbuda, and activities cruises in the port of Nassau, Bahamas.
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The concession contract, signed at the end of a tender started in 2017, has a duration of 30 years and provides for GPH to pay in advance 75 million dollars to the port authority of Puerto Rico and invests in a first phase about 100 million dollars in the modernization of infrastructure, in particular piers 1 and 4 which are intended for both cruise passengers in transit and to the home port function, i.e. the point where passengers start and end the cruise.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
