GALVESTON WHARVES SIGNS LONG TERM AGREEMENT WITH ROYAL CARIBBEAN CRUISES LTD. TO DEVELOP NEW STATE
December 13, 2019
Galveston, TX, Dec. 12, 2019 – The Port of Galveston, the fourth busiest cruise port in North America, formally announced today that it has signed a long-term contract with Royal Caribbean Cruises Ltd. (RCL) for a new $110 million cruise terminal. Through the public-private partnership, RCL will build the terminal, then lease it from the port for the initial term of 20 years with four, 10-year options. The new terminal…