And now for something completely different…Wilmington, DE looks to a new direction.

By: | Issue #660 | at 08:00 AM | Channel(s): Ports & Terminals  Ports  

And now for something completely different…Wilmington, DE looks to a new direction.

The Port of Wilmington, Delaware is trying to pull off something unusual: the outsourcing of the entirety of port operations to a contractor under a long-term lease. Under the scheme, the contractor would be obligated to invest in port improvements and expansions.

The Port Authority commissioned a strategic master plan last year, and the outcome of that process suggested that a public-private partnership would be the best way for a small state like Delaware to fund port improvements. Delaware’s population is less than one-million.

“Out of the master plan process,” said John Haroldson, a port spokesperson, “came the direction to pursue a public-private partnership.” The Port Authority is a state-owned entity that currently depends on the state for funding…


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Peter Buxbaum's avatar

American Journal of Transportation

More on Peter Buxbaum

Peter Buxbaum has been writing about international trade and transportation, as well as security, defense, technology, and foreign policy, for over 20 years. Besides contributing to the AJOT, Buxbaum's work has appeared in such leading publications as Fortune, Forbes, Chief Executive, Computerworld, and Jane's Defence Weekly. He was educated at Columbia University.