The US federal government has approved a proposal to allow UAE-based port operator Gulftainer to take control of the Port of Wilmington and develop a new container port at Edgemoor
The US federal government has approved a proposal to allow UAE-based port operator Gulftainer to take control of the Port of Wilmington and develop a new container port at Edgemoor. The federal sign-off means the final terms must now be ratified by the Diamond State Port Corp., the port’s quasi-public operating board. The board already signed off on the basic terms of the agreement earlier this year. Under the terms of the 50-year deal, the state will continue to own the land under the nearly 100-year-old Wilmington port while Gulftainer would take over operations of the facility, which sits at the confluence of the Christina and Delaware rivers.
