N.V. Havenbeheer Suriname, responsible for advancing the mandate of the safe, efficient, and effective functioning of the National Port and Transport System, is pleased to announce that it has entered into a Development Agreement with Phoenix Development Holding Company LLC, based in Texas USA for the development of a world-class Deep-Water Port and Special Economic Zone in the West of Suriname.
Through this collaboration, an efficient logistics center for local and international businesses will be created to deliver goods and services to the nearshore and offshore industries in the Suriname-Guyana Basin, while also creating the necessary infrastructure for further sustainable development of trade, agriculture, manufacturing, and tourism. The initial projects are estimated to be over $2 Billion USD and include Deep- Water Port foundations, a natural gas pipeline, natural gas power plant, LNG liquefaction and export facilities, LPG separation and export facilities, and the associated civil works and infrastructure.
The Special Economic Zone will create a hub for the world’s top companies to establish a footprint in Suriname, accelerating and solidifying the growth of Suriname’s local private sector.