- Associated Press - Wednesday, April 4, 2018

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.


TOP STORIES
Franklin Graham calls on nation to pray for Trump as impeachment effort gains speed
FBI deliberately hid Carter Page's patriotic role as CIA asset, IG report shows
Bill Clinton leak exposes Democrats' double standard on impeachment


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.



Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2019 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide