THE Commonwealth Ports Authority board of directors on Thursday adopted CPA Resolution 2023-4 and a letter of intent or LOI to endorse the $500 million Tinian Port Joint Area Development Project.
The endorsement will help the Department of Defense secure congressional defense authorization to fund the project beginning in fiscal year 2025, the CPA board said in a statement on Thursday.
As part of the overall development of defense-support facilities in the Western Pacific, DoD, through the Indo-Pacific Command, submitted a request for an LOI to CPA on July 3 formally requesting CPA’s support.
CPA Board Chair Kimberlyn King-Hinds said: “Our airports and seaports on Tinian, when repaired and maintained, provide the key links for development and progress. The Letter of Intent enables DoD to secure the funding and CPA commits to the project for our mutual benefit in every way possible. This is the beginning of a negotiation process similar to that of the divert lease in 2019. We are excited to pursue opportunities for our CNMI.”
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