Published On: Fri, Feb 12th, 2016

Cabinet approves port concession

P1050746WILLEMSTAD - The Council of Ministers (RVM) has agreed with a proposal for a port concession of 20 years for Curaçao Port Services (CPS). This was confirmed by the Minister of Economic Development Eugene Rhuggenaath.

The decision of the RvM paves the way for negotiations between CPS and port Curaçao Ports Authority (CPA) to arrive at a new port concession.

The current concession for the cargo handling agent at the port assumes a ten-year contract to be renewed for another ten years and covers current and future ports. The current contract still has a validity of five years.

At present there is a draft proposal for a port concession on the table, which has already been approved by the Supervisory Board of the Port Authority, said Minister Rhuggenaath. This concept was based on a concession period of 25 years. But during a recent meeting of the political leaders of the coalition parties, it became clear that a term of 25 years was considered too long. There was support for a proposal of twenty years, and it was modified.

The proposal now means an end to the automatic renewal that is included in the concession on the table.

The contract also states that CPS will take care of the harbor cranes and the embankments covered by the concessions. It is based on the purchase of new cranes, and maintenance of cranes and quays. This involves an amount of 50 million guilders. The concession stipulates that after the concession period of twenty years, the cranes will be owned by CPA. The maintenance of the quay walls will be taken care of by CPA.

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