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.
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