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Carnival Corp. to Invest in Dominican Pier

Posted August 16, 2011

Carnival Corp. is financing a $65 million docking facility at Maimon Bay, just west of Puerto Plata in the Dominican Republic. Carnival signed a memorandum of understanding with a Dominican joint venture partner, the Rannik family, to build the cruise facility that will accommodate two post-Panamax size cruise ships.

The project will also include an adjacent retail, dining and recreation complex and transportation hub. Pending finalization of all necessary plans and permits, the facility is expected to be completed by fall 2013. Carnival said additional details will be released at a later time.

Dominican Tourism Minister Javier Garcia said the project will generate about $30 million in its first year, the Dominican Today newspaper reported. The story said construction is expected to start in October, creating 800 local jobs.