TUESDAY: Signing of Port of Wilmington Expansion Agreement

WILMINGTON, Del. – At noon on Tuesday, September 18, Governor Carney, the Diamond State Port Corporation and GT USA Wilmington, LLC will finalize the concession agreement to lease and significantly expand the Port of Wilmington. In March, Governor Carney announced the agreement with Gulftainer to lease the Port of Wilmington from the State, construct a new container shipping facility on the Delaware River, and significantly expand jobs at the Port over the next decade.

Under terms of the agreement, Gulftainer’s subsidiary GT USA Wilmington, LLC will make annual royalty payments to the State of Delaware reaching an estimated $13 million over the next decade. The company also plans to invest up to $600 million in the Port over the next nine years, including approximately $410 million for a new container facility at DuPont’s former Edgemoor site, which was acquired by the Diamond State Port Corporation (DSPC) in 2016.

“This historic agreement will result in significant new investment in the Port of Wilmington, which has long been one of Delaware’s most important industrial job centers,” said Governor Carney. “For decades, jobs at the Port have helped stabilize Delaware families and the communities where they live. We look forward to making this agreement official on Tuesday, and I want to thank members of the General Assembly, the Diamond State Port Corporation, Gulftainer, and all of our partners who have helped make this agreement a reality.”

Media planning to attend Tuesday’s signing ceremony must RSVP by Friday, September 14, to Emily.David@delaware.gov. For media who RSVP, we will follow up with additional event details, including directions and parking information.

Concession Agreement Signing – Port of Wilmington

WHAT: Governor Carney, the Diamond State Port Corporation and GT USA Wilmington, LLC will sign a concession agreement for the Port of Wilmington.

WHO: Governor Carney
Jeff Bullock, Secretary, Delaware Department of State
Rick Geisenberger, Secretary, Delaware Department of Finance
Members of Diamond State Port Corporation
Members of GT USA Wilmington, LLC
Members of the General Assembly
Port of Wilmington Employees
Members of ILA Local 1694

WHEN: Tuesday, September 18, 2018
11 a.m.
*Media setup will begin at the Port at 11 a.m. The signing ceremony will begin at noon.

WHERE: Port of Wilmington
1 Hausel Road
Wilmington, DE 19801

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Statements from Governor Carney and Secretary of State Bullock on the Completed Federal Review of Wilmington Port Agreement

WILMINGTON, Del. – Governor John Carney and Secretary of State Jeffrey Bullock on Thursday issued the following statements on completion of the federal review of a deal to expand the Port of Wilmington, done by the Committee on Foreign Investment in the United States (CFIUS), a panel comprised of military, homeland security, and federal law enforcement officials, among others. The CFIUS review found that the port agreement is “not a covered transaction,” reflecting the consensus of front-line agencies charged with ensuring the protection and security of the United States. No further review is required.

“This is a significant step forward in finalizing our agreement with Gulftainer, which will protect and create good-paying, blue collar jobs at one of Delaware’s most important employment centers,” said Governor John Carney. “This expansion will result in significant new investment at the Port of Wilmington, and help stabilize families and communities that rely on those jobs. I want to thank members of the General Assembly again for their support of this agreement, and their partnership in our efforts to strengthen Delaware’s economy.”

“The more than a dozen federal agencies that make up CFIUS have completed their review of our plans to grant Gulftainer a concession to operate the Port of Wilmington and greatly expand its capacity and capabilities over the coming years,” said Secretary of State Jeff Bullock, Chairman of the Diamond State Port Corporation. “As a result, the specifics of the concession agreement are ‘not a covered transaction’ under section 721 of the Defense Production Act and there is no need for further review. This is the best response we could have received and clears the way for us to finalize our contract with Gulftainer over the summer.”

In March, Governor Carney announced the agreement with Gulftainer to lease the Port of Wilmington from the State, construct a new container shipping facility on the Delaware River, and significantly expand jobs at the Port over the next decade. Under terms of the agreement, Gulftainer’s subsidiary GT USA would make annual royalty payments to the State of Delaware reaching an estimated $13 million over the next decade. The company also would agree to invest more than $580 million in the Port over the next nine years, including approximately $410 million for a new container facility at DuPont’s former Edgemoor site, which was acquired by the Diamond State Port Corporation (DSPC) in 2016. Final terms of the agreement are currently under review by the DSPC Board of Directors.

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Governor Carney’s Statement on General Assembly Approval of Port of Wilmington Expansion

DOVER, Del. – Governor John Carney on Tuesday issued the following statement on the General Assembly’s approval of a transaction to expand the Port of Wilmington:

“This is a landmark agreement to expand the Port of Wilmington, and to protect and create good-paying, blue collar jobs at one of Delaware’s most important employment centers. We look forward to finalizing this agreement, which will result in significant new investment at the Port, and help stabilize families and communities that rely on those jobs. I want to thank members of the General Assembly of both parties for their support of this expansion, and for their partnership in our efforts to improve Delaware’s economy.”

Last month, Governor Carney announced the agreement with Gulftainer to lease the Port of Wilmington from the State, construct a new container shipping facility on the Delaware River, and significantly expand jobs at the Port over the next decade. Under terms of the agreement, Gulftainer’s subsidiary GT USA would make annual royalty payments to the State of Delaware reaching an estimated $13 million over the next decade. The company also would agree to invest more than $580 million in the Port over the next nine years, including approximately $410 million for a new container facility at DuPont’s former Edgemoor site, which was acquired by the Diamond State Port Corporation in 2016. The agreement remains subject to review and approval by the federal Committee on Foreign Investment in the United States (CFIUS).

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Governor Carney’s Statement on Bond Bill Committee Approval of Port of Wilmington Transaction

DOVER, Del. – Governor John Carney on Thursday issued the following statement on the unanimous vote by the General Assembly’s Joint Committee on Capital Improvement to move forward with the transaction to expand the Port of Wilmington:

“Thank you to members of the Bond Bill committee for endorsing the transaction to expand the Port of Wilmington and invest in good-paying, blue-collar jobs for Delawareans. The Port has long been one of Delaware’s most important employment centers. This expansion agreement will result in significant new investment that will allow the Port to create new jobs and compete over the long term. I urge members of the Delaware House of Representatives and Delaware Senate to take up and pass a concurrent resolution that will allow this transaction to move forward.”

Last month, Governor Carney announced the preliminary agreement with Gulftainer to lease the Port of Wilmington from the State, construct a new container shipping facility on the Delaware River, and significantly expand jobs at the Port over the next decade. Under terms of the preliminary agreement, Gulftainer’s subsidiary GT USA would make annual royalty payments to the State of Delaware reaching an estimated $13 million over the next decade. The company also would agree to invest more than $580 million in the port over the next nine years, including approximately $410 million for a new container facility at DuPont’s former Edgemoor site, which was acquired by the Diamond State Port Corporation in 2016.

The transaction must be approved by members of the General Assembly.

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Governor Carney’s Statement on Diamond State Port Corporation Board Approval of Gulftainer Agreement

WILMINGTON, Del. – Governor John Carney on Friday issued the following statement on the Diamond State Port Corporation Board of Directors vote to approve an agreement with Gulftainer Group to expand the Port of Wilmington:

“Thank you to members of the Diamond State Port Corporation Board for their vote on Friday to approve this agreement with Gulftainer to expand the Port of Wilmington. We believe this agreement will protect and expand access to good-paying, blue-collar jobs at the Port, and will result in significant new investment in one of Delaware’s most important employment centers. Members of the General Assembly still must approve the agreement for it to take effect, and I look forward to continued discussions with legislators. As we all know, the Port of Wilmington has long been a center of good-paying jobs that stabilize families and the neighborhoods where they live. Creating even more of those jobs is central to Delaware’s economic success.”

Governor Carney last week announced the preliminary agreement with Gulftainer to lease the Port of Wilmington from the State, construct a new container shipping facility on the Delaware River, and significantly expand jobs at the Port over the next decade. Under terms of the preliminary agreement, Gulftainer’s subsidiary GT USA would make annual royalty payments to the State of Delaware reaching an estimated $13 million over the next decade. The company also would agree to invest more than $580 million in the port over the next nine years, including approximately $410 million for a new container facility at DuPont’s former Edgemoor site, which was acquired by the Diamond State Port Corporation in 2016.

The agreement still must be approved by members of the General Assembly.