Public Hearing Set for Proposed Delaware Port Deal - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Public Hearing Set for Proposed Delaware Port Deal

Posted: Apr 04, 2018 7:55 AM Updated:

WILMINGTON, Del. (AP)- State lawmakers are encouraging Delaware residents to weigh in on a proposal to allow a private corporation to operate the Port of Wilmington.

Gov. John Carney last week announced a preliminary agreement with the Gulftainer Group to lease the Port of Wilmington from the state and construct a new container shipping facility on the Delaware River.

A hearing to discuss the proposal will be held Friday morning on the Wilmington Riverfront.

Gulftainer Group is the largest independent, privately-owned port operator in the world.

Under terms of the preliminary agreement, a Gulftainer subsidiary would make annual royalty payments to the state and agree to invest more than $580 million in the port over the next nine years, including approximately $410 million for a new container facility at DuPont's former Edgemoor site.

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