50-year contract for terminal lease
A 50-year agreement between the US-American port companies Maryland Port Administration (MPA) and Ports America Chesapeake allows MPA to lease its 800,400 sqm Seagirt Marine Terminal to Ports America. In return, Ports America has agreed to construct an appr. 15 m long berth for the Port of Baltimore.
With this public-private partnership Maryland's Govnor Martin O'Malley expects a long-term future for the Port of Baltimore and the production of new jobs.