carnival cruise port san juan puerto rico map

Financial closing of the transaction is expected to be finalized by the end of 2022. This agreement is the result of a competitive bidding process managed by the Public-Private Partnerships Authority as provided by Puerto Rico law, where GPH was selected as the preferred bidder.

Under a 30-year public-private partnership agreement with the Puerto Rico Ports Authority (PRPA), Global Ports Holding Plc (GPH), through its local subsidiary San Juan Cruise Port, will (1) repair, enhance, develop and operate the SJCP infrastructure 2) expand the capacity of the port to accommodate larger ships (3) achieve best-in-class customer satisfaction scores, (4) increase cruise passenger traffic, and (5) create a mutually beneficial partnership with the government of Puerto Rico to secure San Juan’s position as a premier international cruise port. The San Juan Cruise Port (SJCP) project is a public-private partnership initiative designed to elevate the Port of San Juan to world-class standards and maximize its potential as a leading cruise destination.

Additional investment projects, timing also based on certain trigger events, call for the eventual development of additional port infrastructure at Piers 13 and 14.

More investment in port infrastructure, based on specific criteria, may also be made at Piers 13 and 14 in the long-term.

A $250M additional capital investment injection for longer term expansion projects will be confirmed once certain milestones are met, including the construction of a new pier and home port terminal at Piers 11-12 to accommodate larger vessels.

An initial $100M of private capital investment during the initial 24-month phase, which will include critical infrastructure repairs to Piers 1 and 4, walkways 1 through 4 and Pan American Piers 1-2.

A $75M upfront concession fee to be awarded to the Ports Authority, plus an ongoing revenue share agreement with the public corporation.

Total private investment by Global Ports Holding exceeding $425M with the goal of increasing cruise traffic and maximizing benefits for the entire destination.A 30-year private partnership agreement with the PRPA in which Puerto Rico retains ownership of the ports.

Carnival cruise port san juan puerto rico map