Port of Wilmington Privatization Deal to Bring $410M Container Terminal

Delaware assembly blesses plan to turn port operations over to UAE private operator Gulftainer, with promises of royalties, upgrades and more than 5,000 new jobs

Port of Wilmington
Port of Wilmington

The Delaware General Assembly approved a $580 million deal with Gulftainer to lease the Port of Wilmington for 50 years. The private operator from the United Arab Emirates will invest in upgrades to the deep-water port facility and build a $410 million container terminal at the former DuPont Edgemoor site.

Officials have said the deal could create more than 5,000 new jobs while bringing the state between $6 and $13 million in royalties annually over the next ten years.

(more on leasing the Port of Wilmington . . . )