Bill lets Port into lease with cement company - KUAM.com-KUAM News: On Air. Online. On Demand.

Bill lets Port into lease with cement company

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by Janjeera Hail

Guam - First it was the announcement of $50 million heading the Port Authority of Guam's way for its modernization efforts, and now legislation has been introduced locally that would authorize the agency to enter into a long-term lease with a cement company.

According to Bill 442, the Port would be enabled to enter into a lease of up to 20 years with Cementon Micronesia. The company will make an initial investment of $12 million to construct and operate a cement silo for supplying cement and other related products.

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