Port Canaveral-Gulftainer Agreement Considered Simple Lease By Feds
By Space Coast Daily // September 26, 2014
WILL create 2,000 direct and indirect jobs
BREVARD COUNTY, FLORIDA – Port Canaveral has the all-clear to proceed on the build out of its new $42 million container terminal and transfer exclusive operating rights to United Arab Emirates-based terminal operator Gulftainer, according to AmericansShipper.com.
In an e-mail to American Shipper, Port Canaveral CEO John Walsh said he has been notified by the Treasury Department that the concession agreement with Gulftainer is considered a simple lease, not an asset sale, and does not warrant further review on national security grounds.
Port Canaveral and Gulftainer struck a deal in June that gives the company control of terminal operations and future development for up to 35 years.
The new container and cargo terminal is expected to contribute more than $630 million to the local economy, $280 million in revenue to Port Canaveral and generate more than $350 million in tax contributions.
Gulftainer expects to hire 100 percent of its full time employees from Brevard County.
Port Canaveral authorities expect the terminal to create 2,000 direct and indirect jobs when fully operational.
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