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Mariel port expansion

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Early Works
In Construction
Operation
Current Stage In operation
Project Details

Description

The project calls for the expansion and modernization of Cuba's Mariel port, with the aim of turning it into the country's principal maritime terminal, substituting Havana port. The modernization work largely involves dredging at the port to allow access by larger vessels and as such will benefit from the Panama Canal expansion. Works will include the upgrade of port infrastructure and the area's railway system, the construction of highway access, dredging works, construction of dikes, storage spaces and complementary infrastructure. The container terminal will initially contain a 700m berth estimated to have capacity of up to 1mn containers per year. The project is being carried out by Brazilian firm Odebrecht, with financial support provided through Brazil's national development bank BNDES. Largely centered around efforts to further open up Cuba's economy in light of the potential lifting of the long-standing embargo between the country and the US, works at Mariel could be carried out over a span of 8-10 years with the understanding that berths could be expanded up to 2,140m should demand increase. A special economic zone (SEZ) with favorable tax and customs considerations for foreign and domestic businesses was constituted by law and went into effect on November 1, 2013. Dubbed ZED Mariel, the SEZ is administered by a state entity under Cuba's council of ministers. Mariel's initial phase was completed and entered operations in January 2014, with investment in the project reported to be US$957mn, of which BNDES provided financing of US$682mn in the form of favorable loans and the balance was said to have been covered by the Cuban government.

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

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Key Specs

Full Name
Mariel port expansion
Project Type
Port
Development Phase
In operation
Project Status
Active
Project Capacity
 Port
Investment
US$ 957mn
Completion Date
2020
Location

Expansion work is planned for the Mariel port, some 45km west of Cuban capital Havana.

* The map coordinates represent the approximate latitude and longitude, and not the exact location of the project. 

 


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