NEW YORK -- Carnival Corp. will spend $8.5 million to enlarge San
Juan's Pier 4 in order to handle 100,000-ton megaships, according
to Giora Israel, Carnival's senior vice president of strategic
Carnival's 20-year agreement with the Puerto Rico Ports
Authority guarantees a minimum revenue stream for Puerto Rico; in
turn, Carnival will receive priority berth rights at the pier.
Carnival also will retain a portion of its user fees as a means
of recouping its investment.
When completed in September of 2002, the enlargement will enable
the pier to handle the turnaround operation (i.e., provisioning and
other requirements for roundtrip service) for a 100,000-ton
Preliminary construction is slated to start in November, with
heavy work to proceed in May, following the peak cruise season.