DP World has signed a US$760 million Memorandum of Understanding (MoU) with the government of the Dominican Republic to expand the Port of Caucedo and its Free Trade Zone.
The agreement, signed with the Ministry of Industry, Commerce, and MSMES (MICM) of the Dominican Republic, initiates negotiations that will raise Caucedo’s container handling capacity from 2.5 million to approximately 3.1 million TEUs, while unlocking 225 hectares of development-ready land for the Free Trade Zone.
...
https://container-news.com/dp-world-inks-us760-million-investment-deal-for-caucedo-port-expansion/