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View Full Version : More expansion for Caucedo port



NewsWhore
03-17-2011, 05:00 PM
President Leonel Fernandez was at the Puerto Multimodal Caucedo in Andres, Boca Chica yesterday for the formal inaugural of a US$50 million expansion program. The port expansion added 300 meters to the dock to increase cargo-handling capacity by 25%.

Speaking at the event, president of the board of directors of Caucedo port, Samuel Conde highlighted the economic stability that is positive for investors and the futuristic vision of the authorities. He said that further expansion would begin in the coming months, encompassing the Caucedo Logistics Center.

Conde said the port operations grew 11% in 2010, and moved over one million freight containers. In 2010, the port handled 300 ships.

President Fernandez was accompanied by First Lady Margarita Cedeno. Sultan Ahmed Bin Sulayem, chairman of Dubai Ports World, the port's main shareholder, was also present. Also attending the event were Public Works Minister Victor Diaz Rua, Customs director Rafael Camilo, director of the National Council of Competitiveness Andres Vanderhorst chief of the Navy, Rear Admiral Nicolas Cabrera Arias, and Ramon Rivas, director of the Port Authority.

The Multimodal Caucedo Port is described as the most modern port in the Caribbean. www.caucedo.com/index_en.php (http://www.caucedo.com/index_en.php)

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