Global logistics solutions provider DP World inaugurated the expansion of the main berth at the DP World Caucedo port terminal. The project is part of the company´s plan for growth in the Dominican Republic, with the objective of directly contributing to the transformation of the country into the principal logistics hub of the Americas. The expansion adds 450 meters of berth. Three Super Post Panamax and 5 RTG cranes have already been installed, the most sophisticated and robust equipment on the market. Next month a further Super Post Panamax crane and 5 additional RTG cranes will be added. The expansion more than doubles the port capacity from 1.2 million TEUs per year to 2.5 million TEUs per year.
DP World Caucedo has invested USD 114 million in the project. By improving the country's connectivity and competitiveness the port expansion will directly support the objective of the Government of President Luis Abinader to boost the countrys economy through nearshoring production for companies based in the United States. In the next phase of the expansion DP World plans to build a 3 million square metre economic zone for manufacturing at Caucedo to attract investment by foreign companies.