Port's $10.5 million lease approved along with infrastructure upgrades

The Port Authority of Guam is moving full steam ahead with major policy decisions aimed at modernizing operations and reinforcing national security. During its regular meeting, the port’s board of directors unanimously approved several resolutions that align internal policies with key legislative goals—while also greenlighting a major lease deal with Black Construction Corporation.
Starting June 1, Black Construction will lease over 374,000 square feet of port property, valued at more than $10.5 million over four years. The agreement includes infrastructure upgrades like new security fencing, lighting, warehouse space, and road improvements—all supporting both current operations and future surge capacity.
The board also adopted measures supporting federal regulatory approvals for hotel wharf operations, pushed for changes to a public safety reform bill to protect the port’s role, and backed a proposal that rewards tenants who invest in port improvements.