Chinese-funded Terminal at Port of Santiago Opens

The multipurpose terminal at the port of Santiago de Cuba on the eastern coast has opened and began operations a few days ago. As part of the start-up process, the very first container ship arrived. It is expected that the Santiago Port will become the second most important on the Island after the Port of Mariel. The Santiago port upgrade began in June of 2015 with a total investment of $120 million by the China Communications Construction Company Ltd (CCCC), with a Cuban enterprise and Cuban construction company. Built by Chinese and Cuban specialists, the pier consists of 142 piles buried at a depth of 26 meters protected by concrete. Rodrigo Malmierca, the Cuban Minister of Foreign Trade and Foreign Investment, announced in his Twitter…

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Unbiased reporting on economic news and business developments in Cuba by industry sector