Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: December 1, 2009

Project Name: Port of Baltimore Marine Terminal Upgrade
Year in Operation: 1990
Sector: Transportation
Subsector: Port, Transportation Terminal
Status: In Operation
Type: Substantial Alteration of Existing Facility
Description: 50 year lease of existing, state-owned portion of the Port of Baltimore, with commitment to reconstruction berthing sufficient to handle largest container vessels, expected through the Panama Canal in 2014.
Delivery Method as described in the country where it's located: Design Build Finance Operate Maintain
Is the project still active: Yes
Comments: Privately financed concession of Seagirt container terminal. Investments expected to reach $1.3 Billion. Infrastructure improvements including lengthening and deepening of berths at the terminal.

Project Locations

Address: 2600 Broening Hwy
City: Baltimore
State: Maryland
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Existing terminal, operated since 1990 by private operator on different basis.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): 50 year concession from the state, including the right to the operator to move, consolidate, and make other changes to the container business at the port, and also including the right to collect fees for berthing of ships.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Debt/Equity mix not known at time of posting. Concessionaire is to make an immediate payment of $100 million to the State toward the improvements to the berths. Concessionaire is also to pay a fee of $15 per container for every container above 500,000 moved through theport annually.

Checkbox Checked

From Producers as Equity: Debt/Equity mix not known at time of posting.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
50
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: November 21, 2009
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)

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