Publications

Delaware seeks P3 for port improvement
Investors - MARCH 23, 2017

Delaware seeks P3 for port improvement

by Andrea Waitrovich

The Diamond State Port Corp., a corporate entity of the State of Delaware, seeks qualified respondents to enter into a public-private partnership to improve, develop, finance and/or operate via long-term concession arrangements the following port-related infrastructure: the existing facility, or what is known as the Port of Wilmington, and the brownfield facility known as Edgemoor.

Also available for potential expansion as part of an integrated multi-modal transportation facility are two sites unowned by the DSPC: the greenfield facility known as Riveredge and the industrial real estate site known as Boxwood.

Potential respondents may contact the DSPC’s advisers at any time in advance of the completion of the process and formation of the P3. The email should be directed to Jonathan Montbach, head of Seabury Maritime Finance at jmontbach@seaburysecurities.com.

A selection of finalist respondents will be made May 31, and the DSPC expects to select its P3 partner Sept. 30.

Forgot your username or password?