Carlyle to build terminal at Port of Corpus Christi
The port of Corpus Christi Commission has approved a 50 year lease agreement with Lone Star Ports, a joint venture between the Carlyle Group and the Berry Group. The pact pertains to approximately 800 sqkm on Harbor Island to develop a new petroleum export terminal.
The Ports’ facility on Harbor Island is designed to be the deepest-draft national harbor crude export facility when commissioned. Immediately upon completion, the facility’s two docks will have access to the improved 17 m deep ship channel, making it the USA's first onshore terminal capable of fully loading Suezmax vessels and nearly full loading very large crude carriers.
Last month, the US Army Corps of Engineers (USACE) awarded the first dredging contract for the Corpus Christi ship channel improvement project to Great Lakes Dredge and Dock Company to deepen the channel. (cd)