Weekly Report - 20 December 2018 (WR-18-50)

DOMINICAN REPUBLIC | Port expansion. Dominican President Danilo Medina announced plans last week to expand the DP World Caucedo maritime port and free trade zone. The DP World Caucedo located in the town of Boca Chica, Santo Domingo province, is already one of the largest maritime ports in the Dominican Republic but Medina said that the plan is to expand the complex by building a new 400m berth that can accommodate ships with a draft of 17m; as well as expanding the container yard, and purchasing three new portico cranes. In a speech Medina said that the works, which are due to start in January, are expected to be completed by 2020, and will help to increase the port’s operating capacity by 45% from being able to handle 1.4m twenty-foot equivalent unit containers (TEUs) to 2.2m TEUs.

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