SOUTH AMERICA

Dominican Republic concession move

15 years ago

The Presidential Commission for Port Modernisation and Security in the Dominican Republic has said that it is considering reforms to existing port legislation.

Specifically, it is looking to produce framework document that will allow all current state-operated and controlled port terminals to be made available as private-sector concessions.

All existing 12 national ports are to be privatised, with the exception of Caucedo, which is already operated by DP World. Such a move would attract much-needed capital to modernise the port network.