A signing ceremony was held at the Port of Guam this morning for the first capital improvement projects funded by the port’s revenue bond proceeds.
The contract was awarded to N.C. Macario & Associates. The company will provide architectural and engineering designs needed to repair and upgrade Golf Pier, which serves as the entry point for all fuel arriving on Guam.
Port General Manager Rory Respicio said the contract is part of the port’s ongoing modernization program.
“The port has received millions of dollars through the revenue bonds, through the Tiger grants, through other federal and local resources, particularly the monies generated here at the port through the tariffs, to ensure that the port authority not only remains strong, but also meets the demands of the upcoming military buildup,” Respicio said.
Francisco Santos, port board chairman, said: “Today is another milestone for the port. We know that we have a lot of projects ahead of us. We want to make sure that we are ready to meet those challenges. That when the time comes, we can meet all those requirements that we need. We are ready for the military buildup.”
The port recently won approval to re-program its revenue bonds freeing up $7 million for various projects along the waterfront area which the Port relies on to generate revenues.