Terminals (CSXWT), together with its partner, Caucedo Development
Corporation (CDC), broke ground for a new terminal facility located
on the Caucedo Peninsula in the Dominican Republic in late February.
The event marks the commencement of the construction of the new
container port terminal and its associated free trade zone. The
terminal will be named CSX World Terminals Caucedo.
was officiated by the president of the Dominican Republic, His
Excellency Hipólito Mejía, Monseñor Francisco
José Arnáiz Zarandona, SJ, and officers of CSX World
Terminals and Caucedo Development Corporation.
event marks a new beginning for containerized shipping and ocean
transportation in the Dominican Republic and the entire Caribbean
Basin," said Arno Dimmling, CSXWT VP and COO. "The new
facility, and its associated systems and processes, will allow
the Dominican Republic to become one of the most modern and efficient
marine terminals in the world today, enhancing the country's ability
to compete in the ever-increasing aggressive world market."
reliability and high productivity of Dominican port workers, combined
with CSX World Terminals' proven track record, will make Caucedo
a world class port and logistics center in the Caribbean,"
said Jaak Rannik, president of Caucedo Development Corporation.
The new terminal
facility is designed to have a 600-metre berth and will be dredged
to 14 metres to handle the new generation of post-Panamax vessels.
A breakwater will protect the 50-hectare container terminal.
firm Mouchel Consulting is acting as the project supervisor. Design
of the new terminal will be completed shortly to allow for an
aggressive construction schedule of just 22 months. The terminal
is currently scheduled to open in the second half of 2003.
Port Machinery Co Ltd (ZPMC) will supply five latest-generation
gantry shore cranes and ten rubber tired gantry cranes that will
be commissioned for the first phase of the project. These cranes
will more than double the container-handling equipment capacity
of the entire country.
consortium of lenders led by the Scotiabank Group will provide
Terminals LLC (http://www.csxwt.com),
a wholly owned subsidiary of CSX Corporation, is based in Charlotte,
North Carolina. It is a provider of terminal solutions operating
global businesses in Asia, Australia, Europe, Latin America, and
the US. Its array of products and services includes terminal development,
operations and management, terminal consulting, warehouse and
depot management, equipment consulting, maintenance and repair,
and terminal technology systems.
Corporation (CDC) is CSXWT's local partner in the venture and
is responsible for developing and managing the free trade zone
and logistics center adjacent to the marine terminal. CDC's shareholders
include the founders and developers of the highly successful PIISA
free zone manufacturing park, and the B&R group, one of the
country's leading transportation and marine services organizations.