port-of-caucedo

DP World to Invest $760 Million in Port of Caucedo

DP World said May 15 it will invest US$760 million to expand the Dominican Republic Port of Caucedo, which it said would create a manufacturing and logistics hub for the Americas DP World signed a memorandum of understanding, or MoU, with the Dominican Republic’s Ministry of Industry, Commerce and MSMES. MICM initiates negotiations that will raise Caucedo’s container handling capacity from 2.5 million twenty-foot equivalent units to about 3.1 million TEUs, ... [+]