PARAMARIBO, Suriname – NV Havenbeheer Suriname has entered an agreement with Texas-based Phoenix Development Holding Co. to develop a deepwater port and Special Economic Zone in the West of Suriname.
This will include a logistics center for local and international businesses to support the emerging nearshore and offshore oil and gas industries in the Suriname-Guyana basin, also creating infrastructure for further development of trade, agriculture, manufacturing, and tourism in Suriname.
Estimated costs of the initially planned projects are over $2 billion, including deepwater port foundations, a natural gas pipeline, natural gas power plant, LNG liquefaction and export facilities, LPG separation and export facilities and associated civil works and infrastructure.
In addition, the Special Economic Zone will create a hub for companies to establish a footprint in Suriname.
Havenbeheer, the country’s state-owned port management company, facilitates trade and commerce. Phoenix was formed by various enterprises in Texas, Suriname, the Netherlands, Curação, New York, Miami, and London.