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…
Log in or Join AJOT to read the complete article
If you are not a premium subscriber, you can get access to AJOT Premium online content for only $59.95 per year!
Did you forget your password?