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Port Lands NYK for New $300M Container Terminal

TACOMA, WA-The Tokyo-based company will lease and operate a 168-acre container terminal to be built on the industrial east side of Tacoma's Blair Waterway.

By Brian K. Miller | Updated on July 26, 2007

TACOMA, WA-The Port of Tacoma said Thursday it will build a $300-million, 168-acre container terminal on the industrial east side of Tacoma’s Blair Waterway. The facility will be leased to a container terminal operator owned by NYK Line upon completion in 2012.

The deal was approved by NYK Line at its Board of Directors meeting yesterday in Tokyo. The Port of Tacoma Commission will hold a special meeting in Tacoma tonight to approve the final lease.

The lease agreement, with Yusen Terminal Tacoma Inc., marks NYK’s expansion into the Puget Sound region. Another NYK subsidiary with a similar name operates a terminal in the Port of Los Angeles.

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