Port Lafito, Haiti’s Panamax Port, the first private container Port in Haiti, is the centerpiece of the Lafito Global Economic Zone, which will include an industrial free zone, a power plant, a business park and residential area among more. This will drive the creation of more than 30,000 new jobs in Haiti by 2018, foster a new vibrant economic social center, establish attractive regional logistics and become an industrial hub for the Caribbean.
This multi-purpose terminal boasts the deepest port in the nation and will handle containerized and loose-bulk cargo. The $300 million Lafito Global project is a private, public and international partnership that will bring the country to the forefront of modern logistics with state of the art equipment and technology.
In addition, SSA Marine, the world’s largest independent, privately held marine terminal operator, has been hired to oversee the port and terminal operations at Port Lafito.
“This visionary project that we began in 2010 is an opportunity for Haiti to progress both economically and socially and will serve as the standard for others who will see the opportunities that exist in this beautiful country,” said Reuven Bigio, CEO of GB Group. “Having an operator of the caliber of SSA Marine further validates the potential of Port Lafito.”
A project of this magnitude is the first of its kind in Haiti and was made possible by the change in policy of the Martelly Government and further proof that the Government is serious about opening the country to new and sustainable investments that will drive Haiti’s competitive edge regionally. It is a powerful concept, providing modern and efficient logistics and manufacturing space with residential and leisure areas to solve the needs of both the local and international investors.
Haiti is strategically located to serve international companies looking to supply the U.S. markets by taking advantage of the commercial and fiscal benefits that the bilateral agreement between the U.S. and Haiti (Hope/Help Act) provides.
A modern and efficient port will lower freight rates, open trade routes, allow larger vessels to call Haiti, lower the cost of imported goods, improve logistics, increase the variety of goods accessible to importers and attract foreign investment to Haiti.
With more than 100 years of experience contributing to Haiti’s economic outlook and landscape through its numerous business ventures, GB Group is well positioned to lead this development effort which is expected to have a significant economic impact on the country, by adding skilled jobs and creating much needed wealth for the population as a whole. It is the hope of the GB Group that Port Lafito is only the first of many such projects across the country.
Land preparation began in 2012 and the Port is scheduled to open in May 2015.