Carnival to spend $8.5M on San Juan project

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 planning.

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 ship.

Preliminary construction is slated to start in November, with heavy work to proceed in May, following the peak cruise season.


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